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    9705 Cedar Creek Rd Louisville, KY 40229

    Sponsored
    For Sale
    $1,520,000

    25+ Acres, 50+ Lot Potential, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25.35-acre commercial land parcel presents a remarkable opportunity for residential subdivision development in Louisville, Kentucky. Located at 9705 Cedar Creek Rd, zip code 40229, in Bullitt County, this property boasts a prime location with convenient access to retail, employment centers, and thriving residential areas. Currently zoned R-4 Single Family, the land is approved for a 50-lot single-family residential subdivision, with the potential for up to 60 lots. The asking price is $1,520,000, translating to $59,961 per acre. The property features approximately 18+ acres fronting Cedar Creek Road and 7+ acres on Independence School Road. The land is mostly cleared and level, simplifying development. One existing home is situated on the property. This is an ideal investment for developers seeking a high-potential residential project in a rapidly growing area. The property's size, zoning, and location combine to offer significant returns. Detailed development plans are available upon request. Don't miss this chance to acquire a substantial tract of land ready for immediate development.

    Property Features for 9705 Cedar Creek Rd

    General Information

    Property type
    Land
    Lot Size
    1,104,246 SF

    HighLights

    • 18+ acres fronting Cedar Creek Road, 7+ acres on Independence School Road.
    • Approved 50‑lot single‑family residential subdivision plan (potential for up to 60 lots).
    • Excellent location near retail, employment, and residential areas.
    • Mostly cleared and level land, simplifying development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Kitchen & Bath Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Bullitt
    State
    Kentucky
    Longitude
    -85.6537627
    Latitude
    38.099271

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    FAQs

    What type of property is this?
    Land - 25+ Acres, 50+ Lot Potential, Prime Location
    Where is this land located?
    The property is located at 9705 Cedar Creek Rd Louisville, KY.
    What is the asking price?
    The asking price for this property is $1,520,000.
    What are key features of this property?
    This property features: 18+ acres fronting Cedar Creek Road, 7+ acres on Independence School Road.; Approved 50-lot single-family residential subdivision plan (potential for up to 60 lots).; Excellent location near retail, employment, and residential areas.
    Request Owner's contact information
    9705 Cedar Creek Rd Louisville, KY 40229
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    Louisville, KY 40229
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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
    9705 Cedar Creek Rd Louisville, KY 40229
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