Commercial C-2 Land Outer Loop & New Cut Road - Up to 5.67 Acres

Vacant Land for Sale
Catylist Listing ID: 30324273
Property Subtypes: Hospitality, Industrial, Mobile Home Park, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 5.67 Acres
Sale Price: $485,000
Unit Price: $85,537 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/15/2019

Overview / Comments

Tremendous value at $85K/acre of C-2 Land! Extremely visible, high-traffic commercial development site available on the corner of New Cut Road and Outer Loop. 5.58 acres of C-2 available for sale with 540 Feet of frontage on New Cut Road and 253 feet of frontage along Brown Austin Road. Site runs parallel to Outer Loop and sits directly across from Wendys, Shell Gasoline and Big O Tires. Diagonally situated occupants across Outer Loop include Walmart Super Center, Norton Community Medical Associates, and Marathon Gas as well as Sun Tan City occupy the northeast corner. Attractive Traffic Counts of 19,991 ADT in this highly visible location, situated just north of the highly utilized Gene Snyder Freeway (I-265). All utilities available at the site.

This opportunity would be ideal for an automotive or contractor's use. There has been a tremendous growth in manufacturing, industrial and self storage development in this corridor. Additionally, there has been increased demand in multifamily development.

Addresses included:
6011 New Cut Road
6013 New Cut Road
6015 New Cut Road

-2,874 Service Garage built in 1956 sits on 6013 New Cut Road (originally utilized as a plumber service garage).
-2,606 Structure originally utilized as a grocery store sits on 6015 New Cut Road

*Can add 1.56 acres of C-1 Land directly south of this land at 8704 Brown Austin Road for $97,500.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 105011130000
Zoning: C-2 - Commercial District
Property Located Between: Outer Loop and Brown Austin Road along New Cut Road
Property Visibility: Excellent
Feet of Frontage: 793
Traffic/Vehicle Count: 19,991
Highway Access: I-65, I-265
Airports: Louisville International Airport
Lot Frontage: 793
Lot Depth: 591
Zoning Description: Commercial Zoning District
In Flood Plain?: Yes
Topography: Level
Easements: Utilities
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,953 46,734 167,464
Median Age: 34.17 37.48 37.16
Households: 3,851 18,549 67,457
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.