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    8 Mt Rushmore Dr Shelbyville, KY 40065

    For Sale
    $325,000

    1.39 Acres, High Visibility, $325K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.39-acre commercial land parcel presents a prime investment opportunity in Shelbyville, Kentucky. Located at Lot 8 Mt Rushmore Drive, this highly visible property enjoys a strategic position directly across from a major Kroger shopping center, ensuring significant foot traffic and brand recognition. The area is experiencing robust growth, making this an ideal location for a variety of commercial ventures. The lot is part of a larger development with several other available parcels ranging in size from one to one and a half acres. This prime location offers unparalleled convenience and exposure, situated near a cluster of established businesses including Rural King, Taco Bell, a Kroger Marketplace, KFC, and Shelbyville's largest apartment complex. The property's address is Lot 8 Mt Rushmore Dr, Shelbyville, KY 40065, within Shelby County. The asking price for this exceptional commercial land is $325,000. This presents a rare chance to acquire a well-situated property in a thriving Kentucky market. The property's geographic coordinates are 38.220825 latitude and -85.201482 longitude.

    Property Features for 8 Mt Rushmore Dr

    General Information

    Property type
    Land
    Lot Size
    60,548 SF

    HighLights

    • $325,000 asking price.
    • 1.39‑acre commercial land parcel.
    • Located in Shelbyville, KY, at Lot 8 Mt Rushmore Dr, 40065.
    • High visibility; across from Kroger shopping center and other major retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shelbyville
    County
    Shelby
    State
    Kentucky
    Longitude
    -85.201482
    Latitude
    38.220825

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    FAQs

    What type of property is this?
    Land - 1.39 Acres, High Visibility, $325K
    Where is this land located?
    The property is located at 8 Mt Rushmore Dr Shelbyville, KY.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: $325,000 asking price.; 1.39-acre commercial land parcel.; Located in Shelbyville, KY, at Lot 8 Mt Rushmore Dr, 40065.
    Request Owner's contact information
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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
    8 Mt Rushmore Dr Shelbyville, KY 40065
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