4897 Dixie Hwy Elizabethtown, KY 42701
- Commercial real estate
- 1.20 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4897 Dixie Hwy
- Lot size
- 1.20 lot acres
- Property type
- Commercial real estate
- APN
- 183-30-00-045
- APU
- 1833000045
Description
This exceptional commercial land opportunity presents +/- 0.86 to 2.07 acres of developable land in Hardin County, Kentucky. Strategically located at the corner of North Dixie Highway and Drexler Circle, this property boasts excellent visibility and accessibility. The site is ideally situated adjacent to established businesses such as Baskin Robbins and Papa Johns, ensuring high traffic flow and a strong retail presence. Direct frontage on North Dixie Highway provides unparalleled exposure to a large volume of daily commuters. The area is anchored by a robust retail environment, including major national brands like Walmart, Lowe's, Kroger, Target, Home Depot, Burke's Outlet, Academy Sports, Hobby Lobby, Sam's Club, and Menard's. Elizabethtown's advantageous location at the intersection of I-65, the Bluegrass Parkway, and the Western KY Parkway provides easy access to regional and national transportation networks. Furthermore, the proximity to Fort Knox Military Reservation, a significant population center of over 40,000 soldiers, family members, and civilian employees, presents a substantial and stable consumer base. The property is zoned Commercial, allowing for a wide range of development possibilities. Lots are available for lease individually or as a combined parcel. This presents a unique opportunity for developers seeking a high-traffic, well-located site in a thriving Kentucky market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $470,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $475,000
- 6.5%
- $530,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $515,000
- Geo Method
- $510,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $545,000
- Retail
- $570,000
- Mixed-Use
- $450,000
- Hospitality
- $515,000
- Educational
- $430,000
- Residential Income
- $510,000
- Energy
- $470,000
- Income-Based Land
- $455,000
- Food Service
- $555,000
Location Insight
- Map
- Local Demand
- City
- Elizabethtown
- County
- Hardin
- State
- Kentucky
- Longitude
- -85.8983
- Latitude
- 37.7568
- CBSA code
- 21060
- CBSA name
- ELIZABETHTOWN-FORT KNOX, KY METROPOLITAN STATISTICAL AREA