Commercial / Multifamily / Self Storage Development Land at Online Auction
Listing was updated at: 09/26/2019
Property Overview
Price/Rent PSF Inquire
Asset Type Land
Trade Type Sale
Acres Available 4.00
Date Available 09/26/2019
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Description

Location
This 4 acre parcel is halfway between Greenwood Road and Pages Lane on W. Pages Lane on Terry Road.

Sale
This 4 acre lot with both C2 and R6 zoning will be auctioned online between

Thursday, October 3rd and Tuesday, October 8th, 2019 at https://svnauctions.bidwrangler.com/ui/clerk/2656596

This attractive, vacant land is located in Pleasure Ridge Park, in Southwest Louisville.
It is one of the few vacant parcels in the immediate vicinity, and situated adjacent to a multitude of single family and multifamily dwellings.

There is strong demand for more residential product, or self storage. This property sits directly adjacent to the Southwest Center on Terry Road, and is minutes from major employment center in Riverport, which continues to expand its footprint.

Ideally located with close proximity to Louisville's major thoroughfares, Dixie Highway, which is currently benefitting from an overhaul thanks to the major federal TIGER grant from the US government. This investment includes a bus rapid transit aimed at transporting residents faster to and from employment and amenities all the way to the central business district, as well as repaving, transformed aesthetics & landscaping, new sidewalks, and more. According to Louisville Mayor Greg Fischer, the city, state and federal government is "investing more money into improving Dixie Highway right now than any other corridor in the city. This project will not only make Dixie safer for drivers, but it will make it more attractive for business owners, consumers and investors.”

The project includes funding from federal, state and local sources, including the federal TIGER grant of $16.9mm, $5.28mm federal funds through KIPDA, $12mm in state funds, and $600,000 from Louisville Metro.

This land acquisition opportunity presents an outstanding chance to be a part of a major transformation in an exciting submarket and with it being sold at auction, you can name your price.

Location