3 Heritage Park Shelbyville, KY 40065
This exceptional 2.33-acre commercial lot, located in Shelbyville, Kentucky (Lot 3 Heritage Park, APN 040-00-012), presents a unique investment opportunity. Situated within the Heritage Park Development, this property benefits from its convenient location along the bypass, offering high visibility and accessibility. The I-1 (Light Industrial) zoning allows for a variety of commercial and industrial uses. The property's strategic position places it near existing retail, industrial, and residential areas, ensuring a strong potential for growth and development. Utilities are available, although restrictions may apply. It's important to note that this lot includes a cemetery and a corresponding cemetery easement for access. While Lots 1 and 5 within the Heritage Park Development have already been sold, this remaining parcel offers a compelling chance to establish a presence in a thriving Shelby County market. The price is to be determined. Interested parties should inquire for further details and pricing information. The property's address is Lot 3 Heritage Park, Shelbyville, KY 40065. Its geographic coordinates are 38.262056 latitude and -85.2308414 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.