8.02 Acres Near I-264 & St. Matts

8.02 Acres of Residential Land Offered at $2,995,000 USD in Louisville, KY 40222

Asking Price $2,995,000

Property Type: Land

Listing Contacts

Sean Williams

Verified Profile

Property Info

Property Overview

Exceptional Acreage! Extremely rare 8.02 acres of Flat and Mostly Clear infill land. Remarkable Visibility and Access: located just 1 mile from I-264 and on the edge of highly sought-after St. Matthews. Situated on one of Louisville's most traveled corridors (27k AADT), this coveted estate boasts 480' of road frontage on Westport Rd (+750' on Ormsby Ln) at a signaled light. Potential developers will benefit from established utilities and sewer connections. R-4 zoning allows 4.84 dwellings per acre, however a strong case for rezoning is feasible for higher density, mixed use or commercial opportunities. A 4,200+ sqft Ranch House with a Pool + Tennis Court currently exists in the rear that is in good, livable condition and could easily be repurposed as a clubhouse/leasing office. Within close proximity to established developments such as Westport Village (retail and dining), as well as schools, mature neighborhoods, multi-family and within St. Matthews Fire District. The new $840M VA Hospital is nearby, as well as other new developments such as Bull Run Townhomes.Truly a "Once-In-A-Generation" type of property!

Property Details

Property Subtype: Residential/Multifamily

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