9300 Hayes Ave Louisville, KY 40291
This exceptional 17-acre residential development site in Louisville, Kentucky, presents a unique investment opportunity. Located in the desirable Fern Creek neighborhood, this property boasts an ideal location off Fairground Road, less than a mile east of the Bardstown and Fairground intersection. The land, comprised of three parcels (APN: 005000330000, 00500105000, 00500140000) with addresses at 9300 Hayes Ave, 5807 Harrison, and 5815 Harrison, is zoned R-4 and features gravity sewers bisecting the eastern portion (see attached easement). The terrain is level to gently rolling, situated conveniently near Keeling Place, where homes sell for approximately $325,000. Multiple stub streets—Idlewood Lane to the north, Hines Mill Way to the south, and Hofelich Lane to the east—provide excellent access and support dense residential development. A lot yield study estimates the potential for 95 single-family lots. The property's proximity to Bardstown Road to the west and Billtown Road to the east ensures easy access to retail, shopping, schools, and employment centers. This family-held property, offered for sale for the first time, represents a compelling opportunity for significant residential development in a highly sought-after Louisville location. The asking price is $1,000,000, translating to $76,923 per acre.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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