1025 Mount Vernon DrShelbyville, KY 40065

  • Other commercial real estate
  • 4.44 AC
For Sale
$1,350,000 View listing

Property Details for 1025 Mount Vernon Dr

Year built
2006
Lot size
4.44 AC
Zone code
COMMERCIAL
Property type
Other commercial real estate
APN
050-01-005
APU
5001005

Description

This exceptional 14,000-square-foot Class A industrial property in Shelbyville, Kentucky, is offered for sale by owner. Located at 1025 Mount Vernon Dr, this single-tenant building boasts a versatile design suitable for distribution, flex, manufacturing, refrigerated/cold storage, or warehouse uses. Built in 2008, the property features three 15-foot drive-in doors and six man doors, with a 26-foot ceiling height. Currently configured as open warehouse space, the building offers significant potential for future customization. The absence of existing office space and restrooms allows for flexible tenant improvements to suit various needs, including the potential for subdividing to accommodate multiple tenants. The property sits on one acre of land and includes 33 parking spaces. Its I-1 (Industrial - Light) zoning provides flexibility for a range of industrial uses. A significant advantage is its adjacency to over 300 acres recently annexed by the city and approved for heavy industrial zoning, as well as an additional 4+ acres of pre-engineered land currently available for purchase. The asking price is $1,350,000, translating to $96.43 per square foot. The property's APN is 060-00-001|1. This presents a unique opportunity for owner-users seeking a strategically located and adaptable industrial space with significant expansion potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $39,520,624
    Hospitality
    $36,200,680
    Educational
    $30,118,540
    Medical
    $31,154,364
    Retail
    $46,851,064
1025 Mount Vernon Dr, Shelbyville, Kentucky

Location Insight

City
Shelbyville
County
Shelby
State
Kentucky
Latitude
38.2218
Longitude
-85.1936
CBSA code
31140
CBSA name
LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,193
-
-
$1,346,500
-
-
-
$1,346,500

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