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    88 Sarver Ln Elizabethtown, KY 42701

    For Sale
    $2,000,000

    27-Acre Parcel, 540 Units Possible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional investment opportunity in Elizabethtown, KY! This expansive 27.608-acre parcel, located at 88 Sarver Ln, 42701, is zoned R-6, allowing for a high-density development of up to 540 units. The property boasts an open layout with a tree-lined perimeter and all utilities readily available on-site. Phase 1 and a survey are already complete, significantly streamlining the development process. Its prime location offers convenient access to Interstate highways, shopping centers, and the new Ford Battery plant, ensuring strong potential for rental demand. This property presents a unique chance to build a multifamily community, senior housing, assisted living facility, townhome development, or even a church campus. The seller is motivated and considering build-to-suit options for multifamily or townhome projects. The asking price is $2,000,000. This is a rare opportunity for investors and REITs to acquire a large, well-located parcel with significant development potential in a rapidly growing area. Don't miss out on this exceptional opportunity.

    Property Features for 88 Sarver Ln

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,202,604 SF

    Building Details

    Units
    540

    HighLights

    • Price: $4,400,000
    • Cooperative Broker Commission: 3%
    • Listing Expiration Date: November 1, 2022
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Hotel & Motel Auto Parts Store Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.8586508
    Latitude
    37.666513

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    FAQs

    What type of property is this?
    Multifamily property - 27-Acre Parcel, 540 Units Possible
    Where is this multifamily property located?
    The property is located at 88 Sarver Ln Elizabethtown, KY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Price: $4,400,000; Cooperative Broker Commission: 3%; Listing Expiration Date: November 1, 2022
    Request Owner's contact information
    88 Sarver Ln Elizabethtown, KY 42701
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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
    88 Sarver Ln Elizabethtown, KY 42701
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