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7400 W Orell Rd, Louisville, KY 40272

Commercial property for sale

  • Description
  • For sale is 35 acres of flat, buildable land zoned R-5A on the corner of Lower River Road and Orell Road in Louisville, KY. Acquired in 2007, the Seller has $50,000 per acre ($1,750,000) invested in this devolvement. He would like to sell at least 35 acres for a heavily discounted price of $30,000 an acre ($1,050,000). The highest and best use of the 35 acres is of a dense multi-family or senior living development. With R-5A zoning, a developer may build as many as 12.5 units of housing per acre. This would yield approximately 430 multi-family residences. At an industry accepted value of $4,000 per door for a lower-priced, newly constructed community, a valuation of $1,400,000 would be most developer
  • Property Details
  • Property Type: Land
    Use Types: Mobile Home Park, Multi-Family, Residential (Single Family)
    Status: Available
    Price: $ 30,000 +/Acre
    Lot Size: 35.000 Acres
    MSA: Louisville-Jefferson County
    Zoning: R-5a
    Terms: Cash to Seller
    Added: 05/07/2012
    Last Update: 05/07/2012
  • Contact info
  • 502-515-4455 [Office]
  • Note

  • Details Info about this row that located on 7400 W Orell Rd, Louisville, KY 40272 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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