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    1848 New Veechdale Rd Simpsonville, KY 40067

    Sponsored
    For Sale
    Contact for pricing

    Two lots, 2.49 acres, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering comprises two lots totaling 2.49 acres, ideally situated in Simpsonville, Kentucky. The property boasts a highly desirable C-Commercial zoning, allowing for a variety of development opportunities, including hospitality, office, retail, and other commercial uses. All utilities are readily available, and off-site detention is already in place, streamlining the development process. This ready-to-develop site is strategically located just east of the Gene Snyder Freeway (I-265) at the first Shelby County exit on Highway 1848, providing excellent visibility and accessibility. The property benefits from its proximity to major traffic arteries, including US Highway 60, Veechdale Road, and Interstate 64, connecting it to Shelbyville, Frankfort, Lexington, and beyond. Its location offers significant exposure from I-64, ensuring high traffic volume and visibility for any commercial venture. The site's advantageous position near the University of Louisville's Cardinal Club Golf Course and just north of the Outlet Shoppes of the Bluegrass (a 367,000+ sq ft shopping complex) further enhances its appeal and potential for success. The property's APN is 016A-03-002. This is a rare opportunity to acquire prime commercial land in a rapidly growing area, perfect for restaurants, retailers, and other businesses seeking high visibility and convenient access to major transportation routes. The lots are available for sale by owner.

    Property Features for 1848 New Veechdale Rd

    General Information

    Property type
    Land
    Lot Size
    37,462 SF

    HighLights

    • 2.49 acres of commercial land comprised of two lots.
    • Located in Simpsonville, KY, near I‑265 and KY‑1848, offering excellent visibility and access to major roadways.
    • C‑Commercial zoning allows for diverse commercial development, including hospitality, office, and retail.
    • Situated adjacent to the University of Louisville's Cardinal Club Golf Course and north of the Outlet Shoppes of the Bluegrass (367,000+ sq ft).
    • Utilities available; off‑site detention already in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Pet Supply Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Simpsonville
    County
    Shelby
    State
    Kentucky
    Longitude
    -85.3732353
    Latitude
    38.1936993

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    FAQs

    What type of property is this?
    Land - Two lots, 2.49 acres, prime location
    Where is this land located?
    The property is located at 1848 New Veechdale Rd Simpsonville, KY.
    What are key features of this property?
    This property features: 2.49 acres of commercial land comprised of two lots.; Located in Simpsonville, KY, near I-265 and KY-1848, offering excellent visibility and access to major roadways.; C-Commercial zoning allows for diverse commercial development, including hospitality, office, and retail.
    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
    1848 New Veechdale Rd Simpsonville, KY 40067
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