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Hughes Ave - Crestwood Development Site 6.46 Acres of Commercial Land Offered at $1,000,000 in Crestwood, KY 40014
EXECUTIVE SUMMARY
Northmarq is pleased to introduce the Crestwood Development Site, a ±6.46-acre development site located in Louisville’s eastern corridor. With zoning and entitlements in-place, the Crestwood Development Site is shovel-ready for developers to begin construction on 96 multifamily units. Louisville’s outward growth in recent years has had a positive ripple effect on the towns beyond city limits. This expansion has spurred economic development and increased opportunities for neighboring communities. The Crestwood Development Site resides outside of Jefferson County, KY, providing developers with a low barrier to entry. Additionally, Crestwood boasts superb demographics with median incomes over $80,000 and home values exceeding $340,000+ within a 1-mile radius of the property. The Crestwood Development Site offers developers a poised opportunity to enter a robust and promising market.
PROPERTY FACTS
| Price | $1,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 6.46 AC |
| Property Type | Land | ||
| Zoning | R-4 - Fully Entitled | ||
| Price | $1,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 6.46 AC |
| Zoning | R-4 - Fully Entitled |
1 LOT AVAILABLE
Lot
| Price | $1,000,000 | Lot Size | 6.46 AC |
| Price Per AC | $154,798.76 |
| Price | $1,000,000 |
| Price Per AC | $154,798.76 |
| Lot Size | 6.46 AC |
1 1
PROPERTY TAXES
| Parcel Number | 24-24.02.06-00-16 | Improvements Assessment | $0 |
| Land Assessment | $120,000 | Total Assessment | $120,000 |
PROPERTY TAXES
Parcel Number
24-24.02.06-00-16
Land Assessment
$120,000
Improvements Assessment
$0
Total Assessment
$120,000
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Hughes Ave - Crestwood Development Site
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