Development Opportunity along Interstate

Vacant Land for Sale
Catylist Listing ID: 30393660
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 4.07 Acres
Sale Price: $4.67 PSF
Total Price: $827,940
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/27/2020

Overview / Comments

The Madisonville, Kentucky, Wal-Mart was relocated to Exit 49 along I-69 in Hanson, Kentucky, during 2016. This new development dubbed 'Hanson Mills' presents an attractive opportunity for the development of additional retail space. Lots 1, 2 and 6 remain available and are priced competitively.

Located along I-69 connecting Indianapolis and Nashville in central Kentucky, this site would be a good location for a junior box, strip center, restaurant, or hospitality. This property is ideally positioned to be a regional draw serving west-central Kentucky.

Other businesses located at Exit 49 include the Vanity Fair Outlet Mall, Ideal Market (2018), and Loves Travel Center (2018). Lots 3-5 in the development sold in February 2019 for the future development of a full-service restaurant. Located at the west side of this intersection is a large Carhartt distribution facility and the Kentucky Department of Veterans Affairs which operates a 156-bed nursing facility and assisted living facility.

Additional Details

Nearest MSA: Madisonville
County: Hopkins
Tax ID/APN: HAN-18-2A-1
Property Visibility: Excellent
Topography: Gently Sloping

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,050 12,788
Median Age: 40.53 42.72
Households: 2,001 5,085


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