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Property profile

1848 New Veechdale Rd Simpsonville, KY 40067

OFF-MARKET
Retail properties & Spaces
0.86 ac lot
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Property summary

AI-generated overview

This exceptional commercial land offering comprises two lots totaling 2.49 acres, ideally situated in Simpsonville, Kentucky. The property boasts a highly desirable C-Commercial zoning, allowing for a variety of development opportunities, including hospitality, office, retail, and other commercial uses. All utilities are readily available, and off-site detention is already in place, streamlining the development process. This ready-to-develop site is strategically located just east of the Gene Snyder Freeway (I-265) at the first Shelby County exit on Highway 1848, providing excellent visibility and accessibility. The property benefits from its proximity to major traffic arteries, including US Highway 60, Veechdale Road, and Interstate 64, connecting it to Shelbyville, Frankfort, Lexington, and beyond. Its location offers significant exposure from I-64, ensuring high traffic volume and visibility for any commercial venture. The site's advantageous position near the University of Louisville's Cardinal Club Golf Course and just north of the Outlet Shoppes of the Bluegrass (a 367,000+ sq ft shopping complex) further enhances its appeal and potential for success. The property's APN is 016A-03-002. This is a rare opportunity to acquire prime commercial land in a rapidly growing area, perfect for restaurants, retailers, and other businesses seeking high visibility and convenient access to major transportation routes. The lots are available for sale by owner.

Property profile

Verified
Property type Retail properties & Spaces
Lot 0.86 ac (37,462 SF)

Cap rate & NOI

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

Location

1848 New Veechdale Rd Simpsonville, KY 40067
Simpsonville metro
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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