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Property profile & analytics
OFF-MARKET
Commercial real estate

7000 Ridge Creek Rd Louisville, KY 40291

1 SF 14.45 ac lot
Entity Owned 6-yr Hold
Property ID
US34-0354556
Property summary
AI-generated overview

This exceptional 14.45-acre commercial land parcel, located at 7000 Ridge Creek Rd, Louisville, KY 40291, presents a prime opportunity for multifamily development. Zoned R-6, it boasts an approved plan for up to 192 residential units, maximizing density and return on investment. The gently sloping, wooded site offers a beautiful setting, enhanced by gravity sanitary sewers, simplifying infrastructure development. Situated on Hurstbourne Parkway, the property enjoys exceptional visibility and high traffic counts, exceeding 22,000 vehicles daily. Its strategic location provides easy access to major thoroughfares, including I-65 and I-64, placing residents within close proximity to significant employment centers such as GE Appliance Park and the World Port Distribution Center. Furthermore, the site is conveniently located near affluent residential areas and numerous retail amenities, ensuring strong rental demand. The land is priced at $150,000 per acre, representing a compelling value proposition given its location, zoning, and development potential. This is a rare opportunity to acquire a highly desirable development site in a thriving Louisville submarket. The property's proximity to Mercy Academy further enhances its appeal. This is a turnkey opportunity for developers seeking a high-value, high-traffic location with an approved plan already in place.

Property profile
Verified
Property type Commercial real estate
Total area 1 SF
Lot 14.45 ac (629,442 SF)
UPID US34-0354556
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Hurstbourne Corp Group LLC · 6 yrs held
Hurstbourne Corp Group LLC
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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