I-65 Exposure at Exit Memphis IN

Industrial for Sale
Catylist Listing ID: 30210347
Property Subtypes: Food Processing, Manufacturing, Light Industrial, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 1 SF
Gross Building Area: See Agent
Gross Land Area: 4.93 Acres
Sale Price: $350,000
Unit Price: $350,000 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/10/2018

Overview / Comments

Southern Indiana continues to grow. This site is at the exit and backs up to the intersatate allowing for great signage exposure. Memphis is one of the areas that is expected to see continued growth along with the growth of River Ridge. Minutes to Louisville. Inviting to home builders for being able to access the interstate system making it quick to work and quick back home.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-10-20-200-050.000-032
Highway Access: Immediate as it backs up to I-65 and is visible at the exit. You are the very close to I-265 which connects to I-64 as well.
Airports: Clark County Regional Airport, Louisville International Airport
Site Description: Zoned for M-1 Light Industrial which also makes it permitted for B2 and B3 general business making it have a very wide range of permitted uses. See attachments for zoning definitions. Vacant land, some wooded, access to main road and visible from I-65 as it backs up to the interstate. It also currently has a billboard contract that brings in $2700 annually which terminates (or renews in May).
Area Description: Memphis is a rural area that has been growing as Southern Indiana grows outward. Memphis is part of Clark County which includes Sellersburg, Hamburg, Jeffersonville, Clarksville and other cities and towns nearby. There are new subdivisions being built and it is minutes away from Louisville.
Property Condition: Good
Zoning Description: M-1 Light Industrial which also allows for permitted B2 & B3 uses. See attached M-1 zoning as provided by Clark County. Buyer must verify permitted use as this attached infomation is believed to be accurate but requires verification.
Legal Description: Gt 202 4.177 Ac for parcel 506 Crone Rd Gt 202 .754 Ac for parcel 510 Crone Rd

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,298 15,970
Median Age: 34.82 37.22
Households: 1,266 5,814
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.