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1800 Morgantown Rd - Multi-Family Approved Development - Bowling G

18 Acres of Residential Land Offered at $5,250,000 in Bowling Green, KY 42101

Executive Summary

Owner will provide financing for qualified buyers.

Property Facts

Price $5,250,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 18.00 AC

1 Lot Available

Lot

Price $5,250,000
Price Per AC $291,667
Lot Size 18.00 AC

Exceptional, RM-4 zoned land for multi-family development! Hit the ground running as this prime site is approved for 392 apartment units and is all set for groundbreaking, with all permits and approvals already secured and full site and plans.

Description

Exceptional, RM-4 zoned land for multi-family development! Hit the ground running as this prime site is approved for 392 apartment units and is all set for groundbreaking, with all permits and approvals already secured and full site and architectural plans readily available. This opportunity is strategically situated in Bowling Green, one of Kentucky's fastest-growing cities that boasts and an outstanding, 18.3% growth rate over the last 10 years. Bowling Green is the state's third-largest city, home to 74,926 residents, and nestled in Warren County, with a population of 143,096. Convenience is key, as this property is strategically located near I-165, providing easy access to major routes. Plus, it's just 60 miles north of Nashville and 110 miles south of Louisville, making it an ideal location for residents. Moreover, it's less than 2 miles away from Western Kentucky University, offering even more appeal for potential tenants. Don't miss this exceptional investment opportunity in a city that was named one of the best places to live in Kentucky. Seize the moment and turn this multi-family land into a thriving community!

zoning

Zoning Code RM-4 (Residential Mixed District)
RM-4 (Residential Mixed District)
  • Listing ID: 29623917

  • Date on Market: 9/26/2023

  • Last Updated:

  • Address: 1800 Morgantown Rd, Bowling Green, KY 42101

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