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    Boone Sta & Mt Vernon Rd Shelbyville, KY 40065

    For Sale
    $1,500,000

    Highly visible, 22.68-acre vacant lot near major retailers.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 22.68-acre vacant land parcel presents a remarkable investment opportunity in Shelbyville, Kentucky. Strategically located on Boone Station & Mt Vernon Rd, this property enjoys high visibility due to its position on a heavily traveled bypass road connecting Eminence and Shelbyville. The site's proximity to a cluster of established businesses, including a Kroger shopping center, Dollar General, KFC, Advanced Auto Parts, Goodwill, and Taco Bell, ensures significant foot traffic and brand recognition. The expansive acreage offers considerable flexibility for a wide range of commercial developments, catering to the needs of a thriving community. With its prime location and accessibility, this property is ideally suited for businesses seeking high visibility and convenient access to a substantial customer base. The asking price for this exceptional land parcel is $1,500,000. Detailed site surveys and zoning information are readily available upon request. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing area. This is a rare opportunity to secure a significant land holding in a prime location with excellent potential for future development and substantial return on investment. The property is zoned for commercial use and is ready for immediate development.

    Property Features for 0 Boone Sta & Mt Vernon Rd

    General Information

    Property type
    Land
    Lot Size
    987,941 SF

    HighLights

    • 22.68‑acre vacant land parcel in Shelbyville, KY.
    • High‑visibility location on a heavily traveled bypass road connecting Eminence and Shelbyville.
    • Excellent proximity to established businesses including Kroger, Dollar General, and several fast‑food restaurants.
    • Zoned for commercial use and ready for immediate development.
    • Asking price: $1,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shelbyville
    County
    Shelby
    State
    Kentucky
    Longitude
    -85.2027505
    Latitude
    38.2231919

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    FAQs

    What type of property is this?
    Land - Highly visible, 22.68-acre vacant lot near major retailers.
    Where is this land located?
    The property is located at Boone Sta & Mt Vernon Rd Shelbyville, KY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 22.68-acre vacant land parcel in Shelbyville, KY.; High-visibility location on a heavily traveled bypass road connecting Eminence and Shelbyville.; Excellent proximity to established businesses including Kroger, Dollar General, and several fast-food restaurants.
    Request Owner's contact information
    Boone Sta & Mt Vernon 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
    Boone Sta & Mt Vernon Rd Shelbyville, KY 40065
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