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    716 Clark Sta Rd Louisville, KY 40023

    For Sale
    $6,100,000

    91-acre residential development site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 91.487-acre residential development site, located at 716 Clark Station Rd, Louisville, KY 40023 (APN: 003400230000), presents a remarkable opportunity. Zoned R-4, this mostly cleared, gently rolling property offers up to 290 single-family lot potential, according to a development study. Boasting over 3,200 linear feet of frontage on Clark Station Road, with additional access from Hobbs Lane, the site enjoys prime visibility and accessibility. Its strategic location in Eastern Jefferson County places it near desirable amenities, including a new Publix grocery store, Locust Creek, Arlington Meadows, and Notting Hill subdivisions. Residents will benefit from proximity to major retailers such as Target, Kroger, Walmart, and Academy Sports, along with numerous restaurants and employment centers in Middletown. Furthermore, the property is conveniently located less than five miles west of Simpsonville, providing easy access to I-64, the booming Simpsonville job market, and the Outlet Shoppes of the Bluegrass. Nearby attractions include Long Run Park, the Valhalla golf course, and a new JCPS Middle School on Echo Trail. The asking price for this exceptional development opportunity is $6,100,000.

    Property Features for 716 Clark Sta Rd

    General Information

    Property type
    Land
    Lot Size
    3,985,174 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Hotel & Motel Food Market Garden Center Pawn Shop Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.4221799
    Latitude
    38.2294433

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    FAQs

    What type of property is this?
    Land - 91-acre residential development site
    Where is this land located?
    The property is located at 716 Clark Sta Rd Louisville, KY.
    What is the asking price?
    The asking price for this property is $6,100,000.
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    Louisville, KY 40023
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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
    716 Clark Sta Rd Louisville, KY 40023
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