349 Steven Dr Shepherdsville, KY 40165
This exceptional 25.51-acre parcel of land, located at 349 Steven Drive in Shepherdsville, Kentucky (APN: 037-000-00-010), presents a compelling investment opportunity. Currently zoned A - Agricultural, this property offers significant potential for future development. Its strategic location near the I-65/Hwy 480 Cedar Grove Interchange places it within a rapidly expanding industrial area, creating diverse development possibilities. With appropriate rezoning, the site could be suitable for a range of uses, including industrial facilities, multi-family residential projects, retail establishments, or hospitality ventures. The property boasts convenient access to Hwy 480 (Cedar Grove Road) via a 30-foot-wide easement, ensuring excellent connectivity. The asking price is $3,061,200, translating to $120,000 per acre. It's important to note that a portion of this property lies within the 100-year floodplain. This information should be carefully considered during any due diligence process. This property represents a rare chance to acquire a substantial land holding in a high-growth area of Kentucky. Serious inquiries are encouraged.
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
Similar Nearby for Sale
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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.