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$ 2,350,000
Active
701 Valley College Drive Louisville, KY 40272
14,564 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 14,564 sqft
Price per Sqft $161
MLS Listing ID 26026942
Year Built 2006
Lot Size 3.450 Acres
Acres 3.45
Property Sub-Type Retail
Property Description
We are pleased to offer the opportunity to acquire a newly stabilized Family Dollar investment at 701 Valley College Drive in Louisville, Kentucky, together with approximately 1 acre of adjacent development land along Stonestreet Road. The ±14,564 SF retail building is leased to Family Dollar under a newly executed long-term lease, providing investors with durable, contractual cash flow and long-term tenancy. Full lease details, rent roll and financial information are available to qualified prospective purchasers. In addition to the stabilized Family Dollar asset, the offering includes approximately 1 acre of adjacent land zoned OR-3, fronting Stonestreet, creating an opportunity for future development and additional value creation. The property is positioned approximately one mile from the intersection of Stonestreet Road and Dixie Highway, with strong surrounding residential density and proximity to U of L Health Medical Center Southwest and Jefferson Community & Technical College Southwest Campus. This offering provides investors with the combination of a newly executed long-term retail lease and future development potential on the adjacent land. Property Highlights: -Newly executed long-term Family Dollar lease -1 mile from the Stonestreet Road (ADT: 11,960) & Dixie Hwy (ADT: 29,531) intersection -Located across the street from U of L Medical Center Southwest and the Southwest Campus for Jefferson Community & Technical College -Trade areas include Meijer & Walmart, as well as numerous restaurants and retail amenities in or near the Park Place Mall
Location
State KY
County Jefferson
Zoning C-1
Exterior
Parking Features On Site, Paved
View Y/N N
Handicap Access No
Private Pool No
Others
Special Listing Condition Standard
Listed by Block + Lot Homes