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    2220 Kentucky Hwy 53 La Grange, KY 40031

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    For Sale
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    104 Acres, High Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 104-acre property in Oldham County, Kentucky, presents a remarkable opportunity for residential development. Located at 2220 Kentucky Highway 53, near La Grange, KY 40031 (38.4217802, -85.3887422), this land boasts prime positioning with direct access to Highway 53. Zoned R-2, AG-1, and CO-1, the site offers flexibility for a variety of residential projects. Preliminary plans suggest the potential for approximately 480 dwelling units, encompassing apartments, townhomes, and single-family lots, making it an ideal mixed-use development site. The seller is willing to subdivide the property to accommodate various development scenarios. This beautiful, expansive farm presents a unique chance to capitalize on the growing residential demand in the area. Detailed site development sketches are available upon request, illustrating the significant potential yield. Don't miss this chance to acquire a substantial tract of land with exceptional development potential in a desirable Kentucky location. Contact us today to learn more about this exciting opportunity.

    Property Features for 2220 Kentucky Hwy 53

    General Information

    Property type
    Farms
    Lot Size
    4,530,240 SF

    HighLights

    • 104‑acre commercial and farm land parcel in Oldham County, KY.
    • Potential for 480 residential units.
    • Seller will consider subdividing the property.
    • Zoned R‑2, AG‑1, and CO‑1.
    • Located at 2220 Kentucky Highway 53, La Grange, KY 40031.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    La Grange
    County
    Oldham
    State
    Kentucky
    Longitude
    -85.3887422
    Latitude
    38.4217802

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    FAQs

    What type of property is this?
    Farm - 104 Acres, High Development Potential
    Where is this farm located?
    The property is located at 2220 Kentucky Hwy 53 La Grange, KY.
    What are key features of this property?
    This property features: 104-acre commercial and farm land parcel in Oldham County, KY.; Potential for 480 residential units.; Seller will consider subdividing the property.
    Request Owner's contact information
    2220 Kentucky Hwy 53 La Grange, KY 40031
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    La Grange, KY 40031
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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
    2220 Kentucky Hwy 53 La Grange, KY 40031
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