Riverfront Development Opportunity

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30282063
Property Subtypes: Multi-Family
Gross Land Area: 2.08 Acres
Sale Price: $850,000
Unit Price: $408,653 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/21/2019

Overview / Comments

This rare, unique development opportunity is located directly on the Ohio River in Prospect, KY. Located just off River Road, the site is directly adjacent to the luxury Harbortown Condos. It is approved for construction of a luxury condo project, and a developer could also seek a change in the development plan. The site is slightly over 2 acres and sits between the Ohio River and the Limestone Bay Yacht Club Marina. Once developed, units will be surrounded by natural beauty and will enjoy the rare benefit of vast views of the river and the marina.
This opportunity is well suited for multi-story luxury housing or a smaller town home project. It has been proven true through a track record of successful projects that people love living on the river!

-Multi-acre site in exclusive Prospect, KY
-Will offer views of the Ohio River and scenic River Road
-Excellent site for luxury housing

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Submarket/Township: 09 - Anchorage / Lyndon / Prospect / Up River Road
Tax ID/APN: 265400K20000
Zoning: R-7 - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,477 38,024 145,945
Median Age: 57.41 44.6 40.83
Households: 702 15,227 62,613
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.