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Listed price in listed location currency (USD).
$3,031,200

000

MLS® 3049860

Overview

Key Facts

Type 
Levels Land
Size -
Garage 
Taxes $230
Days Active 146
Lot Size 
Approx. Age 
MLS® Number 3049860

Property Address: 0 Cadiz Rd, Hopkinsville, KY, 42240

Average square foot calculated using Size range provided by listing agent.

Description

DEVELOPMENT OPPORTUNITY | 33.68 ACRES | CADIZ ROAD CORRIDOR | HOPKINSVILLE, KY 33.68-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 SITE Kentucky'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 INVESTMENT KYTC 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 ANCHOR Dollar 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 SPECS 33.68 acres | 1, 466, 883 SF | Parcel 207-00 01 001.00 | Hopkinsville taxing district | Zone X flood designation | Level, development-ready terrain | City utilities available P3 proposal currently on the Mayor's desk. Contact listing broker for incentive stack documentation and development feasibility analysis.
MLS® Number3049860
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
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A/C
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Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 22, 2025List Date
$3,031,200List Price

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