High Density Residential Development Opportunity
Vacant Land | 2.388 acres
Marketing description
Prime high-density residential redevelopment opportunity in the Heart of Louisville-this exceptional vacant lot at the southwest corner of South Boulder Road and Main Street offers a rare chance for high-density residential redevelopment at the entrance to Old Town Louisville.
Ideally located for commuters and residents alike, the property boasts unmatched walkability with easy access to shopping, dining, schools, and community amenities. Directly across from Village Square Shopping Center and just blocks from Louisville Middle School and Old Town, the site is flanked by established single-family homes to the north and bordered by the Miller Lateral of the New South Boulder and Rock Creek Ditch to the south.
All major utilities, including water tap, sewer lateral, electrical hookups, and natural gas lines, are available on-site. Consistently ranked among the best places to live in the country, Louisville offers a safe, vibrant community with a thriving arts scene, outstanding schools, and a resilient real estate market. This is a premier investment opportunity in a sought-after location!
Please visit 1655MainStreet.com to learn more.
Investment highlights
Redevelopment Opportunity:
Prime location to rezone from current residential low density (R-L) to residential medium density (R-M), residential high density (R-H) or mixed use residential (MU-R) zoning.
Previous like-type and size residential medium-to-high density developments have yielded 10-15 units per acre while previous like-type mixed use residential (MU-R) have yielded up to 35 units per acre.
There is endless potential to create a captivating development at the entrance of Old Town Louisville that generates a strong business opportunity while simultaneously serves the needs of the community.
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