adj. to 161 Outer Loop - $1 Auction - ±20-Acre Parcel | Walmart Shadow 20.6 Acres of Commercial Land Offered at $1.00 in Louisville, KY 40214

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in ±20.6 acres of commercial land located adjacent to 161 Outer Loop (the “Property”) along Louisville’s established Outer Loop/New Cut Road retail corridor. Shadow anchored by Walmart and located next to a proven, historically well-occupied neighborhood retail center, the Property benefits from strong existing commercial momentum and consistent consumer traffic within the dense South Central Louisville trade area. The parcel offers investors the ability to capitalize on established retail gravity, strong surrounding co-tenancy, and convenient regional access via KY-841 (Gene Snyder Freeway) and I-65. The property’s has several residential rooftops nearby and major employment nodes supporting sustained demand. Zoned C-2 Commercial, the Property can accommodate a wide range of retail, service, and community-oriented uses, further enhancing its flexibility and long-term appeal. According to the recorded survey/plat, portions of the tract are affected by a FEMA flood hazard area (shaded) and multiple recorded utility and access-related easements, which should be incorporated into buyer’s site planning and due diligence.
Centrally located in Jefferson County within the South Central submarket, the Property is located along the north side of Outer Loop (±12,813 VPD) just east of New Cut Road (±18,803 VPD) in Louisville, KY. This Walmart Shadowed land benefits from its positioning near the high traffic, signalized intersection, of Net Cut Road and Outer Loop and offers dedicated turn lanes into the parcel. The Property benefits from strong co-tenancy in the area and its location ensures continued consumer demand and future retailer interest as evidenced by the adjacent long-term tenancy. The Property offers convenient access to KY-841 W/Gene Snyder Fwy (±48k VPD) which is less than 1-mile from the Property and I-65 which is 5-miles from the Property. The Property is located just ±10-minutes Louisville International Airport and ±20-minutes from Louisville’s CBD. The Property also benefits from dense demographics with a population of ±47,110 residents within a 3-mile radius and ±143,253 residents within a 5-mile radius. This is a rare chance to acquire a large contiguous infill tract in a corridor where retail performance has already been validated by long-term tenancy next door.