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32445037
32445036

265 Walnut Creek Dr, Bowling Green, KY 42101

LE
KY 223291
Keller Williams First Choice Realty
Listed by Keller Williams First Choice Realty
$4,874,000
114 days on market
Updated 27 days ago

Shovel Ready - Multifamily Approved Land for 480 Units

Details
Property Type Land, Multifamily
Sub Type Apartment Building, Commercial (+1)
Units 480
Broker Co-Op Yes
Acreage 18.470
Zoning RM 4 Multifamily
Ground Lease No
Sale Condition For sale by owner

18.47 acres | Multifamily Approved Land | Bowling Green, KY

Marketing description

Prime RM-4 zoned land approved for multi-family development — all permits and entitlements in place with full site and architectural plans available. Break ground immediately on up to 480 apartment units, and take advantage of owner financing options available with qualifying terms! This site is positioned for success in Bowling Green, Kentucky’s third-most populous city, strategically located off Interstate 165 with convenient access to I-65 — making the area highly desirable for residents and commuters alike. Bowling Green lies approximately 60 miles north of Nashville and 110 miles south of Louisville, offering regional connectivity that attracts both residents and employers. Additionally, it’s minutes from Western Kentucky University (WKU) — a major regional employment and education hub with over 16,000 students and staff. The city has grown significantly over the past decade, with continued estimates showing population increases — reflecting a robust, expanding market for housing. Recent estimates place Bowling Green’s population near ~79,000 (2024) and Warren County’s around ~147,900, underscoring ongoing residential growth in the metro area. The area is also recognized for its economic momentum — Bowling Green and Warren County were ranked #1 nationally among metros under 200,000 in economic development performance, highlighting strength in attracting investment and jobs. Bowling Green’s combination of population growth, higher education presence, manufacturing and distribution employment, and excellent connectivity make this an outstanding site for a thriving residential community. Don’t miss this rare shovel ready opportunity to deliver quality multi-family housing in one of Kentucky’s most dynamic markets.

Investment highlights

Shovel ready - All permits and entitlements in hand.

Current design is for 392 units however, the Planning & Zoning Binding Elements is approved for up to 480 units with a maximum building height of 4 stories on-site.

Owner financing available with certain qualifications.

Listing Contacts

LE
KY 223291
Keller Williams First Choice Realty
Listed by Keller Williams First Choice Realty

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Additional Information

Name
Lee Ervin
License
223291
Brokerage
Keller Williams First Choice Realty
Brokerage Phone
2707821811
Brokerage Address
1550 Westen Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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