5985 Dixie HwyElizabethtown, KY 42701

Property Details for 5985 Dixie Hwy

Lot size

12.00 AC

Property type

Commercial real estate

APN

182-00-02-001

APU

1820002001

Description

This exceptional commercial land opportunity is located at 5985 N Dixie Hwy, Elizabethtown, KY 42701, in Hardin County. The property boasts high visibility and traffic counts, with over 27,000 vehicles passing daily. Situated along Elizabethtown's bustling retail corridor, this location offers unparalleled access to a dense population base. Within a 5-mile radius, there are over 16,000 employees, and within 10 miles, the population nears 100,000, boasting an average household income of $73,000. The property is strategically positioned near a concentration of major national retailers including Walmart, Lowe's, Target, Kroger, Kohl's, JCPenney, and numerous national restaurants. This prime location benefits from the significant economic growth projected for the area, fueled by the upcoming Ford/BlueOval SK battery plant. This plant is anticipated to bring over 5,000 jobs and an estimated 22,000 new residents to Hardin County. Two outlot parcels are available: one 0.7-acre parcel and another 1.4-acre parcel, presenting a unique opportunity for businesses seeking high-traffic exposure in a thriving market. The property is classified as commercial land with single tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $102,350,000

  6.5%

  $94,476,600

  7%

  $87,728,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $44,999,500

  Geo Method

  $44,999,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $177,788,000

  Retail / Commercial

  $92,776,800

  Mixed-Use / Specialty

  $93,713,400

  Hospitality / Lodging

  $70,404,500

  Office

  $94,476,600

  Institutional / Educational

  $97,877,100

  Residential Income

  $114,516,000

  Multifamily

  $130,319,000

  Automotive / Energy

  $83,894,700

  Parking / Income-Based Land

  $27,698,900

  Restaurant / Food Service

  $51,445,700

  Healthcare / Senior Housing

  $94,801,700

Location Insight

City

Elizabethtown

County

Hardin

State

Kentucky

Latitude

37.7721

Longitude

-85.9077

CBSA code

21060

CBSA name

ELIZABETHTOWN-FORT KNOX, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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