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    4897 Dixie Hwy Elizabethtown, KY 42701

    Sponsored
    For Sale
    $1,000,000

    Prime KY Development Site, Dixie Hwy Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a unique investment opportunity in Elizabethtown, Kentucky. Encompassing 0.86 to 2.07 acres, this property boasts approximately 450 feet of frontage on North Dixie Highway, a high-traffic thoroughfare. Strategically located at the corner of North Dixie Highway and Drexler Circle, the site benefits from exceptional visibility and accessibility. The land is zoned Commercial, allowing for a wide range of development possibilities. The property's prime location places it adjacent to established businesses such as Baskin Robbins and Papa John's, and across from John Hardin High School, Bluegrass Middle School, and New Highland Elementary School. This ensures high daily traffic and strong community presence. Furthermore, the area is anchored by major retailers including Walmart, Lowe's, Kroger, Target, Home Depot, and many more, creating a robust retail environment. Elizabethtown's advantageous position at the intersection of I-65, the Bluegrass Parkway, and the Western KY Parkway provides excellent regional connectivity. The proximity to Fort Knox Military Reservation, a significant population center, further enhances the property's appeal. The asking price for this exceptional development opportunity is $1,000,000, translating to approximately $483,091.78 per acre. The lots can be purchased individually or as a package.

    Property Features for 4897 Dixie Hwy

    General Information

    Property type
    Land
    Lot Size
    37,462 SF

    HighLights

    • 0.86 to 2.07 acres of commercial land available for development.
    • High‑visibility corner lot at North Dixie Highway & Drexler Circle.
    • Individual lots or entire parcel available.
    • Excellent location adjacent to Baskin‑Robbins, Papa John's, and across from three schools.
    • Approximately 450 feet of frontage on North Dixie Highway.
    • Strong retail environment with nearby Walmart, Lowe's, Kroger, Target, Home Depot, and other major retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.898263
    Latitude
    37.756793

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    FAQs

    What type of property is this?
    Land - Prime KY Development Site, Dixie Hwy Frontage
    Where is this land located?
    The property is located at 4897 Dixie Hwy Elizabethtown, KY.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 0.86 to 2.07 acres of commercial land available for development.; High-visibility corner lot at North Dixie Highway & Drexler Circle.; Individual lots or entire parcel available.
    Request Owner's contact information
    4897 Dixie Hwy Elizabethtown, KY 42701
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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
    4897 Dixie Hwy Elizabethtown, KY 42701
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