For Sale 52 Acres of R-4 Land, Heritage Creek

Justice Way Louisville, KY 40229

Justice Way , Louisville, KY, 40229
Justice Way , Louisville, KY, 40229 Justice Way , Louisville, KY, 40229 Justice Way , Louisville, KY, 40229
FOR SALE
Property Type:
Residential Land Development
Amount:
$3,100,000
Last Verified:
Apr 25, 2024

Highlights

  • 52 Acres
  • Zoned R4, Allowing for Residential Development
  • Desirable Location in the Sought-After Heritage Creek Area

Description

The Louisville Regional Airport Authority has retained the Broker services of SVN Menish Commercial Real Estate to sell 52 acres of R-4 zoned land for development in Heritage Creek, Louisville, Kentucky.

This property, located at Justice Way, Louisville, KY 40229, presents a prime opportunity for land and residential investors. Zoned R4, this parcel of land offers potential for various development opportunities. Situated in the sought-after Heritage Creek area, this property benefits from a desirable location. With its strategic positioning and zoning, it offers an ideal canvas for a range of potential projects. This investment opportunity is primed for those seeking to capitalize on the thriving residential market in the area.

This parcel is considered Phase 3 of a relocation plan executed by the LRAA. Phase 1 and 2 and extremely nice single family homes with manicured lawns, and a community that does so much together including Easter egg hunts, picnics, festivals and more.

In addition to Phase 1 & 2, Fischer Homes is developing nearly 45 acres of land, also purchased from the LRAA. Those are brand new homes, with fantastic floor plans, advertised as selling from the $290,000 to $360,000 plus.

Utilities are available along the West side of the property.

52 Acres of R-4 Land, ready for single family development. Drive to the end of Justice Way, just past Reality Trail to find the entrance to the property.

Building Size: 0sq ft
Lot Size: 52.05 acres


Documents

Heritage Creek OM
SVN - 1 Page Flyer (P)
Heritage Creek Phase 3 PVA #2 (2.4873 Acres).pdf
Heritage Creek PVA #1 (49.5634 Acres).pdf
Heritage_Creek_Deed_to_Grand_Communities_10-05-18.pdf

Map of Justice Way , Louisville, KY, 40229

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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:

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