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    66 Hooper Station Rd Shelbyville, KY 40065

    For Sale
    Contact for pricing

    24 Acres, I-64 Visibility, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 23.98-acre commercial land parcel enjoys unparalleled visibility from I-64 Exit 35 in Shelbyville, Kentucky. Situated on the southeast quadrant of the exit, this high-traffic location boasts one of the highest two-mile radius roof counts in Shelby County. Its strategic position offers easy access from the interstate ramps, making it ideal for a variety of commercial developments, including large retailers, motels, shopping centers, or restaurants. The property is conveniently located 25 miles from downtown Louisville and just 15 minutes east of I-265 (Gene Snyder Freeway). Future I-64 improvements include widening to three lanes in each direction between I-265 and Exit 35, further enhancing accessibility and visibility. The area benefits from the proximity of local distilleries and the only outlet mall in Kentucky, located just two exits away. This property is zoned C - Commercial and features an APN of S14-02-030A. The asking price is $3,600,000, or $150,125 per acre, with cash terms preferred. The property is located between Louisville and Lexington, offering a strong market position. The largest nearby street is Hwy 53 South/Mt Eden Rd. This is a truly unique opportunity to acquire a significant commercial land holding in a rapidly growing area.

    Property Features for 66 Hooper Station Rd

    General Information

    Property type
    Land
    Lot Size
    1,044,569 SF

    HighLights

    • Listing ID: 30764124
    • Status: Active
    • Vacant 23.98‑acre commercial land parcel for sale
    • Potential uses include hospitality and office development
    • Asking price: $3,600,000 ($150,125/acre)
    • Cash sale preferred
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Nail Salon Building Supply Wholesale Shop Kitchen & Bath Department Store Hotel & Motel Bar & Pub HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelbyville
    County
    Shelby
    State
    Kentucky
    Longitude
    -85.2105356
    Latitude
    38.1798169

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    FAQs

    What type of property is this?
    Land - 24 Acres, I-64 Visibility, High Traffic
    Where is this land located?
    The property is located at 66 Hooper Station Rd Shelbyville, KY.
    What are key features of this property?
    This property features: Listing ID: 30764124; Status: Active; Vacant 23.98-acre commercial land parcel for sale
    Request Owner's contact information
    66 Hooper Station Rd Shelbyville, KY 40065
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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
    66 Hooper Station Rd Shelbyville, KY 40065
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