1307 Woodland DrElizabethtown, KY 42701

Property Details for 1307 Woodland Dr

Lot size

1.41 AC

Property type

Commercial real estate

APN

201-20-01-019.03

APU

201200101903

Description

This exceptional 1.41-acre commercial lot is ideally situated in Elizabethtown's Woodland Corridor, offering convenient access to major roadways. Located at 1307 Woodland Dr, Elizabethtown, KY 42701 (APN: 201-20-01-019.03), this property presents a rare opportunity for development. Zoned WCD, it allows for a variety of uses, including but not limited to medical facilities, offices, assisted living, multi-family residential, childcare, and professional services. The zoning ordinance should be reviewed for a complete list of permitted uses. This high-traffic location ensures excellent visibility and accessibility. The asking price is $175,000, translating to approximately $106,382.98 per acre. Note that an adjacent lot at 1315 Woodland Dr is also available for purchase, allowing for the acquisition of over 2 acres of contiguous land. Don't miss this chance to secure a prime commercial property in a rapidly developing area of Elizabethtown.

• CAP approach

  CAP return

  Valuation

  6%

  $12,007,900

  6.5%

  $11,084,200

  7%

  $10,292,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,279,460

  Geo Method

  $5,279,460

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $20,858,500

  Retail / Commercial

  $10,884,800

  Mixed-Use / Specialty

  $10,994,700

  Hospitality / Lodging

  $8,260,040

  Office

  $11,084,200

  Institutional / Educational

  $11,483,200

  Residential Income

  $13,435,300

  Multifamily

  $15,289,300

  Automotive / Energy

  $9,842,740

  Parking / Income-Based Land

  $3,249,710

  Restaurant / Food Service

  $6,035,740

  Healthcare / Senior Housing

  $11,122,400

Location Insight

City

Elizabethtown

County

Hardin

State

Kentucky

Latitude

37.7245

Longitude

-85.8839

CBSA code

21060

CBSA name

ELIZABETHTOWN-FORT KNOX, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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