0 Cadiz Rd - 33.68 Acres — Sale in Hopkinsville, KY

  • Price: $3M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Hopkinsville, KY 42240

Photos

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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. Land Size: 33.68 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Hopkinsville, KY is listed for sale at $3,031,200. Compare it against other multifamily listings for sale in Hopkinsville, KY — view the full market.

First seen on CREHunt: Oct 11, 2026

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