For Sale
$1,000,000

Hughes Ave Crestwood, KY 40014

±6.46 Acres, R-4 Zoning, Shovel-Ready

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional ±6.46-acre development site in Crestwood, Kentucky, presents a unique opportunity for multifamily construction. Located in Oldham County, within the Louisville MSA, and boasting an R-4 zoning designation, this fully entitled property is ready for immediate development. The site is strategically positioned to capitalize on Louisville's eastward expansion, benefiting from strong demographics in the surrounding area. Median household incomes exceeding $80,000 and home values over $340,000 within a one-mile radius indicate a robust and affluent market. Plans are in place for the construction of 96 multifamily units, making this a turnkey project for developers seeking a low-barrier-to-entry opportunity in a high-growth area. The property's location outside of Jefferson County offers additional advantages. This shovel-ready site at Hughes Ave, Crestwood, KY 40014, represents a compelling investment prospect in a thriving Kentucky community. The asking price for this exceptional development opportunity is $1,000,000.

Highlights

  • ±6.46-acre fully entitled multifamily development site in Crestwood, KY.
  • R-4 zoned, ready for immediate development with approved plans for 96 units.
  • Located in Oldham County within the Louisville MSA, offering strong demographics and a low barrier to entry.
  • One-mile radius boasts median household incomes exceeding $80,000 and home values over $340,000.
  • Asking price: $1,000,000.

Property Details for 0 Hughes Ave

Property type
Land
Lot Size (sq. ft)
281,398 SF

Location Insight

City
Crestwood
County
Oldham
State
Kentucky
Latitude
38.3236676
Longitude
-85.4866538

FAQs

What type of property is this?
Land - ±6.46 Acres, R-4 Zoning, Shovel-Ready
Where is the land located?
The property is located at Hughes Ave Crestwood, KY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: ±6.46-acre fully entitled multifamily development site in Crestwood, KY.; R-4 zoned, ready for immediate development with approved plans for 96 units.; Located in Oldham County within the Louisville MSA, offering strong demographics and a low barrier to entry.
How can I contact the broker?
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0 Hughes Ave
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