Davis Lane Retail Development

460-476 Davis Lane Walton, KY 41094

Walton
FOR SALE
Property Type:
Other Land
Amount:
$3,464,500
Last Verified:
Sep 15, 2023

Highlights

  • Retail development
  • Excellent Location
  • Residential development growth
  • Across the street from a planned Publix grocery store
  • Adjacent to a large residential project

Description

Retail development opportunity at a corner site in a high income and high growth location. The owner is willing to consider a sale of the entire parcel or will sell proposed smaller tracts from the site. The owner will also consider ground lease offers as well.

Future development in this area includes a proposed new Publix grocery store, several other restaurants, significant residential development, and a large active adult living community.

Eastern Corner of Richwood Road and Grand National Blvd in Walton, KY.

Lot Size: 5.33 acres

Map of 460-476 Davis Lane, Walton, KY, 41094

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.