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    3 Heritage Park Shelbyville, KY 40065

    For Sale
    Contact for pricing

    Prime Shelby County commercial lot, I-1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 2.33-acre commercial lot, located in Shelbyville, Kentucky (Lot 3 Heritage Park, APN 040-00-012), presents a unique investment opportunity. Situated within the Heritage Park Development, this property benefits from its convenient location along the bypass, offering high visibility and accessibility. The I-1 (Light Industrial) zoning allows for a variety of commercial and industrial uses. The property's strategic position places it near existing retail, industrial, and residential areas, ensuring a strong potential for growth and development. Utilities are available, although restrictions may apply. It's important to note that this lot includes a cemetery and a corresponding cemetery easement for access. While Lots 1 and 5 within the Heritage Park Development have already been sold, this remaining parcel offers a compelling chance to establish a presence in a thriving Shelby County market. The price is to be determined. Interested parties should inquire for further details and pricing information. The property's address is Lot 3 Heritage Park, Shelbyville, KY 40065. Its geographic coordinates are 38.262056 latitude and -85.2308414 longitude.

    Property Features for 3 Heritage Park

    General Information

    Property type
    Land
    Lot Size
    101,495 SF

    HighLights

    • 2.33‑acre commercial land parcel in Shelbyville, KY.
    • Located in Heritage Park, a developing commercial and industrial area.
    • Zoned I‑1 (Light Industrial).
    • Shelby County APN: 040‑00‑012.
    • Utilities available (restrictions apply).
    • Price upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shelbyville
    County
    Shelby
    State
    Kentucky
    Longitude
    -85.2308414
    Latitude
    38.262056

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    FAQs

    What type of property is this?
    Land - Prime Shelby County commercial lot, I-1 zoning.
    Where is this land located?
    The property is located at 3 Heritage Park Shelbyville, KY.
    What are key features of this property?
    This property features: 2.33-acre commercial land parcel in Shelbyville, KY.; Located in Heritage Park, a developing commercial and industrial area.; Zoned I-1 (Light Industrial).
    (502) 741-0014
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    3 Heritage Park Shelbyville, KY 40065
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3 Heritage Park Shelbyville, KY 40065
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