Listing Agency: TRIO Commercial Property Group LLC Show Phone

Listed By: Michael Tabor · License #KY 209520

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 9:46AM

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Investment Insights

Based on property information with market context.

This for-sale development package includes a planned block of 266 class A apartments, with an additional 127-room Hyatt House extended-stay hotel planned to come soon.

The site is located at 103 Whittington Pkwy in Hurstbourne, KY 40222. The offering notes strong daytime employee counts in the surrounding area, attributed to approximately 5M square feet of nearby office space, with 1-mile daytime employment of 9,878 and 3-mile daytime employment of 70,689.

The public remarks also indicate planned nearby or supporting concepts including Heine Brothers’, Del Friscos, Core Life Eatery, and Shred 415. Contact the agent for the list price.

Key Highlights

• Planned Class A apartments with an estimated 266‑unit build coming Fall 2020
• Upcoming 127‑room Hyatt House extended stay planned
• Surrounding office space totals approx. 5M sq ft, supporting a strong daytime employee count

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick Auto Repair Shop Building Supply Big Box & Wholesale Store HVAC Service Grocery & Convenience Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,396

Businesses Nearby

Explore this area Business Placement

Demographics for 40222, KY

21,725

Population

10,953

Households

2

Avg Household Size

40

Median Age

57%

College-Educated

96%

High-School Grad

9.5 sq mi

ZIP Area

2,287

Density / Sq Mi

$81,623

Median Household Income

$54,592

Median Earnings

$1,326

Median Rent

$347,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - For sale: planned class A apartments with an upcoming 127-room Hyatt House extended stay.

Where is this apartment building located?

The property is located at 103 Whittington Pkwy Hurstbourne, KY.

What are key features of this property?

This property features: Planned Class A apartments with an estimated 266‑unit build coming Fall 2020; Upcoming 127‑room Hyatt House extended stay planned; Surrounding office space totals approx. 5M sq ft, supporting a strong daytime employee count