Walmart Outparcel, Louisville, KY

Land Description

Walmart Outparcel 24K VPD - Louisville, KY 1.62 Ac

Marketplace Online Auction August 09-11, 2021

Investment Highlights

±1.62 AC Walmart outparcel with direct access and visibility to ±24,253 VPD on heavily trafficked highway

Co-tenants on nearby parcels include Walmart, Sonic, Murphy Express, and Cato Fashions

Zoned C2-Sw, Commercial Suburban Workplace District allowing for flexible commercial uses

Located ±10 miles from downtown Louisville and 30 minutes from Fort Knox

Strong 2021 demographics with ±114,886 people and an avg household income of (5-mile radius)

Absolute Auction - NO Reserve

Offering Details

CBRE and are pleased to present a ±1.62 AC land parcel located at 7030 Raggard Road (the “Property”) in Louisville, Kentucky. This Walmart outparcel offers investors a well-situated development opportunity with highway frontage in a robust market.

The Property consists of a 1.62-Acre Walmart outparcel with approximately 225' of frontage along Greenbelt Highway with traffic counts of ±24,253 vehicles per day. Located directly on the Greenbelt Highway in the southwestern part of the marketplace just west of the signalized entrance to the Walmart, this location has excellent visibility to the main road. The Greenbelt Highway is the main access corridor to Riverport, which is home to more than 100 companies engaged primarily in manufacturing or logistics and distribution. Zoned C2-Sw, Commercial Suburban Workplace District, this commercial development site offers favorable flexible zoning that allows for a variety of uses. The Property offers potential investors the ability to acquire raw land with significant value-add through development and long-term lease up.

Louisville is the largest city in the Commonwealth of Kentucky along the Indiana border and considered the largest metropolitan area between St. Louis to the west and Cincinnati to the east and Indianapolis and Nashville to the north and south. Louisville is regarded as the center of trade for the Midwest and benefits from the presence of the Worldport global air-freight hub for UPS at Louisville International Airport. being home. Louisville's location at the crossroads of three major interstate highways (I-64, I-65, and I-71) also contributes to its modern-day strategic importance to the shipping and cargo industry. The Property benefits from dense 2021 demographics with ±114,886 people and an avg household income of within a 5-mile radius.

Also available from this seller:

Walmart Outparcel - Bennettsville, SC 1.25 Ac

Walmart Outparcel - Bennettsville, SC 1.1 Ac

Walmart I-95 Adjacent Outparcel - Emporia, Va

Auctioneer:

Lamar P. Fisher

Fisher Auction Company Inc.

License: 257072