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    18406 Shelbyville Rd Louisville, KY 40245

    Sponsored
    For Sale
    $3,750,000

    14.5 Acres, Prime Louisville Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14.5-acre commercial land parcel presents a unique development opportunity in Louisville, Kentucky. Situated on Shelbyville Road, between a new Publix grocery store and Simpsonville, this level and cleared property boasts over 450 feet of road frontage. Its enviable location directly across from established, affluent residential neighborhoods like Locust Creek and Notting Hill offers unparalleled visibility and accessibility. The property's proximity to I-64 via Simpsonville, home to the Outlet Shoppes of the Bluegrass and new distribution centers, ensures strong logistical advantages. Furthermore, its position just north of the new Echo Trail Middle School adds to its appeal. Currently zoned R-4, the site offers potential for high-density development, with preliminary estimates suggesting the possibility of approximately 230 apartments if rezoned. The asking price is $3,750,000, translating to $258,621 per acre. This prime location, combined with its size and potential, makes this an exceptional investment opportunity for discerning developers. The property address is 18406 Shelbyville Rd, Louisville, KY 40245, within Jefferson County.

    Property Features for 18406 Shelbyville Rd

    General Information

    Property type
    Land
    Lot Size
    631,620 SF

    HighLights

    • 14.5‑acre commercial land parcel on Shelbyville Road, Louisville, KY.
    • Level, cleared site with over 450' of road frontage.
    • Excellent visibility across from affluent residential neighborhoods.
    • Easy I‑64 access via Simpsonville, near shopping and distribution centers.
    • Potential for ~230 apartments (rezoning required).
    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 Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.4478726
    Latitude
    38.2601333

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    FAQs

    What type of property is this?
    Land - 14.5 Acres, Prime Louisville Location
    Where is this land located?
    The property is located at 18406 Shelbyville Rd Louisville, KY.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: 14.5-acre commercial land parcel on Shelbyville Road, Louisville, KY.; Level, cleared site with over 450' of road frontage.; Excellent visibility across from affluent residential neighborhoods.
    Request Owner's contact information
    18406 Shelbyville Rd Louisville, KY 40245
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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
    18406 Shelbyville Rd Louisville, KY 40245
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