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33525367
33525366

1800 Victory Lane, Prospect, KY 40059

JB
KY 204053
TRIO Commercial Property Group LLC
TRIO Commercial Property Group LLC
Listed by TRIO Commercial Property Group LLC
$3,400,000
5 days on market
Updated 1 day ago

Victory Lane Townhomes

Details
APN 01-00-00-5B
Property Type Multifamily
Sub Type Condo
Square Footage 11,256
Units 8
Beds 3
Occupancy 12.5%
Tenancy Single
Year Built 2026
Acreage 1.400
Zoning R-4 Residential
Investment Type Value Add
Ownership Condominium ownership structure

Multifamily | 8 Units

Marketing description

Victory Lane Townhomes presents a rare opportunity to acquire a newly constructed townhome condominium development consisting of eight completed units together with approvals for an additional eight-unit expansion phase. The project combines current leasing activity, future development upside, and condominium sellout optionality within the highly desirable Prospect submarket.

Victory Lane Townhomes presents investors with the opportunity to acquire a newly constructed residential asset with minimal near-term capital expenditure requirements. Located within the highly desirable Prospect submarket, the property benefits from strong demographic fundamentals, limited housing supply, and continued residential demand. The condominium ownership structure provides unique flexibility, allowing for multiple disposition strategies including individual unit sales, portfolio hold, or phased asset monetization. Additionally, the property's approved future density creates potential upside for future development, while the strength of the surrounding market supports long-term appreciation and value growth. Together, these characteristics position Victory Lane Townhomes as a compelling investment opportunity with both immediate stability and future optionality.

Investment highlights

  • Eight completed townhome condominiums
  • Eight approved future townhome units
  • R-4 zoning
  • Condominium ownership structure
  • Prospect, Kentucky location (strong demographic profile)
  • Attached garages
  • New construction
  • Multiple exit strategies
  • Approved future development rights
  • 1 unit leased, 7 vacant move-in ready units available

Listing Contacts

JB
KY 204053
TRIO Commercial Property Group LLC
TRIO Commercial Property Group LLC
Listed by TRIO Commercial Property Group LLC

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