Development Opportunity of 13 to 35 Acres Zoned R4 / R1

5127 Terry Road, 5127 R Terry Road, 5601 R Land Cross Drive Louisville, KY 40216

5127 Terry Road, 5127 R Terry Road, 5601 R Land Cross Drive, Louisville, KY, 40216
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FOR SALE
Property Type:
Residential Land Development
Amount:
$860,000
Last Verified:
Nov 01, 2024

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Highlights

  • 13 Acres Ready for Development
  • All Utilities Available
  • 35 Total Acres For Sale
  • Excellent Location on Terry Road

Description

SVN Menish Commercial Real Estate is proud to present this incredible, residential redevelopment opportunity in Pleasure Ridge Park, just south of Downtown Louisville, Kentucky.

Just over 13 acres are flat and ready for development right on Terry Lane. Directly behind that lot to the southeast is 8.22 acres that would be perfect for water retention. The remaining 13.98 acres run to the east-northeast and have power towers, a natural gas line and a sewer line.

This is a tremendous development opportunity with great visibility on Terry Road. This property is perfect for patio homes, apartments, single family homes or the newest and hottest national trend in multifamily development; Brand New Single Family Rentals! If you are not aware, call us and we will share where this trend is exploding.

If you don't want the 13.98 acres, we can work with you on options. Call or email us to inquire about that.

The property is on the east side of Terry Road, just north of Murray Lane, ready to develop with Sewer access.

Lot Size: 35.0 acres


Documents

PVA_5601_R_Land_Cross_Dr.pdf
PVA_5127_Terry_Road_1.jpeg
Plat.pdf
Terry Road Flyer

Map of 5127 Terry Road, 5127 R Terry Road, 5601 R Land Cross Drive, Louisville, KY, 40216

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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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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
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