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3902 Mud Ln
Louisville, KY 40229
Land For Sale
·
15.20 AC
Investment Highlights
- Fully approved and zoned for 252 apartment units on 15.2 acres.
- Excellent access to Preston Highway and close proximity to Walmart, Kroger, and national retailers.
- Located within a Qualified Census Tract, offering potential tax advantages for affordable housing.
Executive Summary
This 15.2-acre site located at 3902 Mud Lane in South Louisville offers a fully approved multifamily development opportunity. Zoned and entitled for 252 residential units, this property provides a shovel-ready project in a market with strong demand for quality housing. Its location within a Qualified Census Tract (QCT) enhances development appeal by creating potential access to tax credits for affordable housing projects, while also supporting market-rate strategies.
The site offers excellent connectivity, situated just off Preston Highway with convenient access to major retail destinations such as Walmart, Kroger, and a variety of national retailers. Nearby Commerce Crossings Business Park further supports the property’s investment case by delivering a large employment hub that drives long-term rental demand. Proximity to major employers and robust submarket fundamentals, including sustained population growth and consistent housing needs, position this asset as an attractive choice for developers seeking a financially sound and community-oriented project.
The site offers excellent connectivity, situated just off Preston Highway with convenient access to major retail destinations such as Walmart, Kroger, and a variety of national retailers. Nearby Commerce Crossings Business Park further supports the property’s investment case by delivering a large employment hub that drives long-term rental demand. Proximity to major employers and robust submarket fundamentals, including sustained population growth and consistent housing needs, position this asset as an attractive choice for developers seeking a financially sound and community-oriented project.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 15.20 AC |
| Property Type | Land | ||
| Zoning | R6 - Residential Multifamily District | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 15.20 AC |
| Zoning | R6 - Residential Multifamily District |
1 Lot Available
Lot
| Price | $2,500,000 | Lot Size | 15.20 AC |
| Price Per AC | $164,473.68 |
| Price | $2,500,000 |
| Price Per AC | $164,473.68 |
| Lot Size | 15.20 AC |
Description
3902 Mud Lane is a 15.2-acre parcel in South Louisville zoned and approved for multifamily development. The property is positioned off Preston Highway and near Commerce Crossings Business Park. Retail options in close proximity include Walmart, Kroger, and other national retailers. The parcel is located within a Qualified Census Tract.
Property Taxes
| Parcel Number | 009000400000 | Improvements Assessment | $0 |
| Land Assessment | $550,000 | Total Assessment | $550,000 |
Property Taxes
Parcel Number
009000400000
Land Assessment
$550,000
Improvements Assessment
$0
Total Assessment
$550,000
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