Jennifer Wallin
LOT SIZE 33.680 acres
MLS#3049860
STATUSActive
PROPERTY TYPELand - Farm
SUBDIVISIONSubdiv/Develop
Property Description
DEVELOPMENT OPPORTUNITY | 33.68 ACRES | CADIZ ROAD CORRIDOR | HOPKINSVILLE, KY33.68-acre shovel-ready development site at US-68 (Cadiz Road) and KY-91 (Princeton Road) in Hopkinsville, Kentucky - positioned for residential, multifamily, or mixed-use development backed by $19.8M in active state infrastructure investment and a proven Kentucky incentive stack.INCENTIVE-BACKED DEVELOPMENT SITEKentucky's development financing tools are already proven in this county. Christian County carries $369M+ in active Industrial Revenue Bonds. KY SB 25 (2025) expanded IRB eligibility to multifamily projects of 48+ units - generating 150-200 basis point interest rate reductions through tax-exempt bond financing. KHC HOME ($500K), AHTF ($400K), LIHTC 4%/9% tax credit equity, and predevelopment loan programs are all accessible for qualifying residential and workforce housing projects on this site.$19.8M STATE INFRASTRUCTURE INVESTMENTKYTC Item 2-899 - $19.8M committed to US-68 corridor improvements directly serving this parcel. Construction awarded January 2025 and underway. Scope: design ($800K), ROW ($2.19M), utility relocation ($4.05M), and construction ($12.79M). Development concurrent with state construction enables vertical delivery immediately following infrastructure completion.PRICING ANCHORDollar General purchased 2.265 acres from this same parcel at $117,000/acre (July 2023), establishing commercial corridor pricing. Listed at $90,000/acre - a 23% discount to the last closed sale from the identical tract.PROPERTY SPECS33.68 acres | 1,466,883 SF | Parcel 207-00 01 001.00 | Hopkinsville taxing district | Zone X flood designation | Level, development-ready terrain | City utilities availableP3 proposal currently on the Mayor's desk. Contact listing broker for incentive stack documentation and development feasibility analysis.
Property Features
Property Type: Land - Farm
Lot Size: 33.68 Acres
Taxes: $230
Feature Descriptions
Days on Site: 215
Lot: Cleared, Corner Lot, Level, Private
Lot Dimensions: 1,466,883 SF
Parcel#: 207-00 01 001.00
Sewer: Public Sewer
Topography: Cleared, Corner Lot, Level, Private
Utilities: Water Available
Water: Public
Local Schools
High School: Christian County High School
Middle School: Christian County Middle School
Elementary School: Freedom Elementary
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Clarksville
Agency Phone: 9316488500
Shown By
Agent Name: Jennifer Wallin
Agent Phone: (931) 338-0925
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 7,649.40 per month $6,746.14 Principal & Interest $19.17 Property Tax $884.10 Homeowner's InsuranceChange Payment Information
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0 Cadiz Rd | MLS# 3049860
This land located at 0 Cadiz Rd, Hopkinsville, KY 42240 is currently listed for sale with an asking price of $3,031,200. The property has approximately 33.68 Acres. Search Hopkinsville real estate on jenniferwallin.crye-leike.com today.