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Property profile & analytics
OFF-MARKET
Land

5103 Billtown Rd Louisville, KY 40299

5 ac lot
Property ID
US34-0332181
Property summary
AI-generated overview

This exceptional 5-acre commercial land parcel presents a prime development opportunity in Jeffersontown, Kentucky. Located on Billtown Road, this level and cleared rectangular site boasts an R-4 zoning designation, ideal for multi-family residential projects such as apartments or townhomes. The property's convenient location offers easy access to Wheeler Elementary School (within walking distance) and Carrithers Middle School (short bus ride). Its proximity to Blankenbaker Crossings ensures convenient access to major employment centers and nearby grocery stores. This single-owner property comprises two contiguous lots, providing flexibility for development. Preliminary estimates suggest the potential for 70-80 residential units. The seller is offering a reasonable timeframe for buyers to pursue necessary rezoning if needed. Priced at $1,080,000 ($216,000/acre), this property represents a compelling investment in a thriving Kentucky community. The address encompasses two parcels: 5103 and 5107 Billtown Rd, Jeffersontown, KY 40299, within Jefferson County. This is a rare opportunity to acquire a sizable, well-situated development site with significant potential for high returns.

Property profile
Verified
Property type Land
Lot 5 ac (217,800 SF)
UPID US34-0332181
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Conover Drywall General Contractor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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