Offering an already zoned large apartment community development opportunity. Although current zoning (R-7 & R-5A) allows a maximum density on this land for over 900 apartment units, the lay of the land would nicely accommodate a 400 unit development without impacting the existing floodway/floodplain on the east side of the property adjacent to New Cut Road or requiring extensive site work on the west side of the property where the elevation rises and unstable soils are located. Prior development plan (copy available in the documents section of this listing) was site planned for 420 units with both open and sheltered parking and numerous community amenities including a clubhouse, pool, athletic courts, walking trails and more. This will be the best apartment community in this part of the metropolitan area.

Location Description:

Great location just south of the Gene Snyder Freeway (I-265) New Cut Road Exit 6 in South Louisville/Jefferson County, Kentucky with easy access to I-65, Louisville International Airport (UPS Worldport), downtown Louisville and east/west interstates I-64 & I-71.

Highlights:

>> Large Apartment Community Development Opportunity

>> Inplace Zoning Allows for Over 900 Apartment Units

>> Prior Development Plan Called for 420 Units in Upscale Community

>> Price Based on More Easily Developed Sections of the Property

>> Will be the Best Apartment Community in this part of the Area