0 Cadiz Rd Hopkinsville, KY 42240
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Subdiv/Develop
MLS Listing ID 3049860
HOA Y/N No
Annual Tax Amount $230
Lot Size 33.680 Acres
Acres 33.68
Lot Dimensions 1,466,883 SF
Property Description
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.
Location
State KY
County Christian County
Zoning AG
Interior
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Lot Description Cleared, Corner Lot, Level, Private
Sewer Public Sewer
Water Public
Schools
Elementary Schools Freedom Elementary
Middle Schools Christian County Middle School
High Schools Christian County High School
Others
Senior Community false
Special Listing Condition Standard
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