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Description

Glenmary Village is an excellent, bank owned opportunity to acquire an asset with 77.6 acres and 290 developable pads, ready for construction. The property is comprised of two sections of Glenmary Village: -Section 2 & 2A: 14.86 acres and 192 developable, approved units (32 units have already been constructed and sold) -Overlook Phase 4: 14.3 acres and 98 developable, approved units (20 units have already been constructed and sold) -An additional 34.2 undeveloped acres on Estate Ridge Boulevard. This presents an opportunity with a bank owned asset that has a tremendous amount of infrastructure in place. This offers a large amount of time and cost savings. The site is appropriate for an apartment development with a condo exit strategy, or new construction condos that meet the market with attractive price points. Glenmary Village Apartments is a high quality, Class A apartment asset that was also recently developed on site. The property is located in the high demand area of Fern Creek that has experienced the newest growth. The past several years has seen a great deal of both residential and commercial development. Mt. Washington has experienced tremendous growth, and the Bardstown Road corridor south of the Gene Snyder Freeway has great benefited from this development. Building price details: $7,650,000.

Property Details

• Type: Land
• Status: Available
• Lot Size: 77.660 Acres
• Buildings: 1

Map Locations