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Commercial Investment opportunity in area experiencing extreme rural urban sprawl, Shelbyville, Kentucky, 40065, Shelby County. This property is located in Shelby County (Shelbyville), Kentucky

Intersection Property High Growth Area

Shelby County, KY · 11 +/- AC · $3,750,000

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DISCLOSURE

All boundary lines noted in pictures, aerials or maps should be considered estimates and not relied on as legal documents or descriptions.

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Intersection Property High Growth Area in Shelby County, KY

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Intersection Property High Growth Area

     

Shelby County, Kentucky
11 +/- Acres
$3,750,000

Parcel #/ID:  031A-06-029, 031A-06-030, 040-00-008C

Commercial Investment opportunity in area experiencing extreme rural urban sprawl, Shelbyville, Kentucky, 40065, Shelby County.

THE LOCATION - The northwest corner of Freedom’s Way (KY 55) by-pass and Shelbyville Rd/Midland Trail (US Rt. 60) is up for sale.

This area has experienced a 32.51% growth in traffic count between 2011-2015. The traffic count at the intersection is 20,000 (2016) Several new residential subdivisons are just north of the listed land along Harrington Mill Rd. The listing is 1.6 miles due north of the I-64, Exit 32, being midway between Lexington and Louisville.

Restaurants, retail, and service centers are needed!

Estimated Acres:

5 ac Nicholson silt loam Rating 2 slope is 2-6%, 6 acres Lowell-Faywood silt loam, Rating 3, 6-12 % slope, general topography map of area in listing docs

Legal Description:

 

ASSESSOR 2019 PARCEL NUMBER

DEED BOOK/PAGE

APPROX ACRES

PLAT

REFERENCE

CURRENT ZONING

031A-06-029

537/522

3.35

None

Residential

031A-06-030

633/871

4.10

Woodlawn Addition Tract 27 and lots 10-11 of Tract 26

Residential

040-00-008C

634/806

3.37

009-167

Commercial

Property Highlights:

  • The tract is in the Urban Service Boundary of Shelbyville. Rezoning to 100% commercial is possible due to the direction of the growth. Thus the area is slated for growth on the Comprehensive Land Use Plan.

  • Public water is provided by the West Shelby Water District. A 3 inch main exists, but a 6-8 inch main is necessary for commercial development.

  • Sewer is provided by the Shelbyville Water District and is available on-site.

  • Please view the drone video with on-the-ground points of interest pictures for a complete visual of the path of development.

  • Agent has all deeds and plats in office file. Please see more maps in the listing documents.

Taxes:  (Call Agent for Details)

More Photos:

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