Technical
Financial
Distress signals
Property profile

0 Hughes Ave Crestwood, KY 40014

OFF-MARKET
Land
6.46 ac lot
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Property summary

AI-generated overview

This exceptional ±6.46-acre development site in Crestwood, Kentucky, presents a unique opportunity for multifamily construction. Located in Oldham County, within the Louisville MSA, and boasting an R-4 zoning designation, this fully entitled property is ready for immediate development. The site is strategically positioned to capitalize on Louisville's eastward expansion, benefiting from strong demographics in the surrounding area. Median household incomes exceeding $80,000 and home values over $340,000 within a one-mile radius indicate a robust and affluent market. Plans are in place for the construction of 96 multifamily units, making this a turnkey project for developers seeking a low-barrier-to-entry opportunity in a high-growth area. The property's location outside of Jefferson County offers additional advantages. This shovel-ready site at Hughes Ave, Crestwood, KY 40014, represents a compelling investment prospect in a thriving Kentucky community. The asking price for this exceptional development opportunity is $1,000,000.

Property profile

Verified
Property type Land
Lot 6.46 ac (281,398 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Hughes Ave Crestwood, KY 40014
Crestwood metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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