Newtown Plaza +/-1.64 AC Development Lot

Granite Drive & Hwy 245 Bardstown, KY 40004

FOR SALE
Property Type:
Other Land
Amount:
$450,000
Last Verified:
Sep 10, 2019

Highlights

  • +/-1.64 AC development lot for sale
  • Great access and visibility from Highway 245/John Rowan Boulevard recently improved with Highway 245 expansion
  • Adjacent to the Kentucky Owl Park Distillery, a $150 million lakeside complex to include a distillery, visitors center, cooperage, rickhouses, bottling center, restaurant and convention center
  • Adjacent Newtown Plaza, Peddlers Mall, Buffalo Rings & Wings and Colton's Steakhouse (all separately owned)
  • Close proximity to downtown Bardstown and Blue Grass Parkway
  • +/-15,262 ADT on Hwy 245/John Rowan Boulevard
  • Zoned LID, Light Industrial/Commercial Park
  • Sale Price: $450,000

Description

NAI Isaac is pleased to present a +/-1.64 AC development lot for sale. Great access and visibility from Highway 245/John Rowan Boulevard recently improved with Highway 245 expansion. Adjacent Newtown Plaza, Peddlers Mall and Buffalo Rings & Wings. Located at the intersection of Hwy 245/John Rowan Boulevard & Granite Drive with close proximity to downtown and Blue Grass Parkway.

Bardstown, Nelson County Kentucky is located in the heart of central Kentucky, Bardstown is a short 35 minute drive to Louisville. Bardstown, is the county seat of Nelson County, which includes several other communities including the incorporated cities of Bloomfield and New Haven. Over 40,000 people call Nelson County home. Bardstown features economic diversity, ranging from a strong tourism base, with My Old Kentucky Home State Park and 25 festivals each year, to a growth-minded business climate, which includes being the home to a vibrant retail base and over 40 manufacturing operations including American Greetings.

Building Size: 14231.0sq ft
Lot Size: 1.64 acres

Map of Granite Drive & Hwy 245, Bardstown, KY, 40004

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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.