±20-Acre Parcel | Walmart Shadow | Signalized Intersection | 12K VPD

Highlights:

• ±20-Acre Vacant Commercial Parcel Adjacent to Walmart and Shadow Retail Center in Louisville | Large Portion is Wetland Conservation Area
• Retail Demand Drivers nearby: Walmart, Dollar Tree, Hibbett Sports, Cato, GameStop, and Sally Beauty (tenants at the adjacent center)
• ±12,813 VPD Traffic Frontage on Outer Loop, just east of New Cut Road (±18,803 VPD) | ±10-minutes from Louisville International Airport
• Less than 1 Mile to KY-841 (Gene Snyder Freeway | ±48k VPD) and approximately 5 Miles to I-65
• Dense Residential Base + Major Employers with Nearby Distribution Facilities including UPS and New Cut Center Industrial Park
• Attractive Demographics with 5-Mile Population of ±143,253 and Annual Household Income of ±$65,380

Description:

Ri Marketplace Online Auction April 13th-15th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3032/20-acre-parcel-walmart-shadow-signalized-intersection-12k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=land_3032


Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire the fee simple interest in ±20.6 acres of commercial land located adjacent to 161 Outer Loop (the “Property”) along Louisville’s established Outer Loop/New Cut Road retail corridor. Shadow anchored by Walmart and located next to a proven, historically well-occupied neighborhood retail center, the Property benefits from strong existing commercial momentum and consistent consumer traffic within the dense South Central Louisville trade area. The parcel offers investors the ability to capitalize on established retail gravity, strong surrounding co-tenancy, and convenient regional access via KY-841 (Gene Snyder Freeway) and I-65. The property’s has several residential rooftops nearby and major employment nodes supporting sustained demand. Zoned C-2 Commercial, the Property can accommodate a wide range of retail, service, and community-oriented uses, further enhancing its flexibility and long-term appeal. According to the recorded survey/plat, portions of the tract are affected by a FEMA flood hazard area (shaded) and multiple recorded utility and access-related easements, which should be incorporated into buyer’s site planning and due diligence.

Centrally located in Jefferson County within the South Central submarket, the Property is located along the north side of Outer Loop (±12,813 VPD) just east of New Cut Road (±18,803 VPD) in Louisville, KY. This Walmart Shadowed land benefits from its positioning near the high traffic, signalized intersection, of Net Cut Road and Outer Loop and offers dedicated turn lanes into the parcel. The Property benefits from strong co-tenancy in the area and its location ensures continued consumer demand and future retailer interest as evidenced by the adjacent long-term tenancy. The Property offers convenient access to KY-841 W/Gene Snyder Fwy (±48k VPD) which is less than 1-mile from the Property and I-65 which is 5-miles from the Property. The Property is located just ±10-minutes Louisville International Airport and ±20-minutes from Louisville’s CBD. The Property also benefits from dense demographics with a population of ±47,110 residents within a 3-mile radius and ±143,253 residents within a 5-mile radius. This is a rare chance to acquire a large contiguous infill tract in a corridor where retail performance has already been validated by long-term tenancy next door.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 257072
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: