0 Cadiz Rd, Hopkinsville, KY 42240
Local realty services provided by:Reliant Realty ERA Powered
Listed by: james church
Office: keller williams realty clarksville
MLS#:3049860
Source:NASHVILLE
Price summary
- Price:$3,031,200
About this home
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....
Contact an agent
Home facts
- Subdivision & Development:Subdiv/Develop
- Listing ID #:3049860
- Added:312 day(s) ago
- Updated:October 07, 2026 at 02:35 PM
Structure and exterior
- Lot area:33.68 Acres
- Lot Features:Level
Schools
- High school:Christian County High School
- Middle school:Christian County Middle School
- Elementary school:Freedom Elementary
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,031,200
- Tax amount:$230
New listings near 0 Cadiz Rd
- New
$225,000Active3 beds 2 baths1,450 sq. ft.314 Kauai King Dr, Hopkinsville, KY 42240
MLS# 3612669Listed by: UNIQUE REAL ESTATE - KY - New
$294,000Active3 beds 2 baths1,550 sq. ft.1810 Valley View Dr, Hopkinsville, KY 42240
MLS# 3612410Listed by: WELCOME HOME SALES & RENTALS - New
$187,500Active3 beds 2 baths1,673 sq. ft.3030 Clover Ln, Hopkinsville, KY 42240
MLS# 3611897Listed by: TOWN & COUNTRY REALTY - New
$129,900Active2 beds 1 baths800 sq. ft.147 Means Ave, Hopkinsville, KY 42240
MLS# 3611783Listed by: WELCOME HOME SALES & RENTALS - New
$349,900Active3 beds 3 baths2,378 sq. ft.406 Daniel Boone Lane, Hopkinsville, KY 42240
MLS# 3611788Listed by: TOWN & COUNTRY REALTY - New
$195,000Active3 beds 1 baths1,080 sq. ft.621 Vass Ln, Hopkinsville, KY 42240
MLS# 3610987Listed by: EVOLVE REAL ESTATE LLC - New
$249,900Active3 beds 2 baths1,330 sq. ft.318 Pine Hill Dr, Hopkinsville, KY 42240
MLS# 3610863Listed by: LEGACY REAL ESTATE CO. - New
$149,900Active4 beds 1 baths1,292 sq. ft.419 East 23rd E, Hopkinsville, KY 42240
MLS# 3610516Listed by: TOWN & COUNTRY REALTY - New
$759,900Active3 beds 2 baths3,522 sq. ft.11335 Greenville Road, Hopkinsville, KY 42240
MLS# 26027141Listed by: TOWN & COUNTRY REALTY - New
$201,000Active3 beds 2 baths1,042 sq. ft.1092 Pyle Lane, Hopkinsville, KY 42240
MLS# 26027157Listed by: UNITED REAL ESTATE BLUEGRASS