Prospect Lot Development Opportunity

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 29702777
Property Subtypes: Hospitality, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail-Pad, Self Storage
Status: Pending
Gross Land Area: 22,128 - 198,942 SF
Sale Price: $354,048 - 3,171,143
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/1/2019

Overview / Comments

One of the only sites in Prospect available that is suitable for medical, office, multi-family, senior housing or retail uses, Prospect Cove is an ideal opportunity for a single-user or owner-occupied property.

This property is now available with this conceptual design featuring 6 lots, priced from $354,048 for .5 acres to $785,296 for 1.1 acres. Lots may be combined to total 4.49 acres of buildable land.

Lot SF Price
1 24988 $424,796
2 32477 $519,632
3 49081 $785,296
4 36917 $553,755
5 33351 $533,616
6 22128 $354,048

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 020600460000
Zoning: PRD - Planned Residential Development District
Market Type: Large
Property Located Between: US 42 0r River Rd to Timber Ridge
Side of Street: South
Road Type: Paved, Outlot, Cul-de-sac
Property Visibility: Good
Largest Nearby Street: Timber Ridge Dr
Site Description: Flat and slightly undulating parcels primed for development and re-zoning.
Area Description: Prospect has a land size of 4 square miles, but has a median household income of over $118,000.with an estimated home value of $387,000. This is the wealthiest submarket in the Metro Louisville, KY MSA and one of the most affluent in the region..
Zoning Description: Subject is zoned OR-1 and R-5. Seller will work with buyers to acheive desired zoning.
Development Name: Prospect Cove
Topography: Level
Easements: Ingress/Egress

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,173 23,258 106,889
Median Age: 50.54 45.57 41.2
Households: 954 8,898 43,331
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.