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Hughes Ave - Crestwood Development Site 6.46 Acres of Commercial Land Offered at $1,401,460 CAD 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 | $1,401,460 CAD | 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 | $1,401,460 CAD |
| 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 | $1,401,460 CAD | Lot Size | 6.46 AC |
| Price Per AC | $216,944.28 CAD |
| Price | $1,401,460 CAD |
| Price Per AC | $216,944.28 CAD |
| Lot Size | 6.46 AC |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 24-24.02.06-00-16 | Improvements Assessment | $0 CAD |
| Land Assessment | $168,460 CAD | Total Assessment | $168,460 CAD |
Property Taxes
Parcel Number
24-24.02.06-00-16
Land Assessment
$168,460 CAD
Improvements Assessment
$0 CAD
Total Assessment
$168,460 CAD
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Hughes Ave - Crestwood Development Site
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