0 Cadiz Rd, Hopkinsville, KY 42240
Local realty services provided by:ERA Chappell & Associates Realty & Rental
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
- Listing ID #:3049860
- Added:177 day(s) ago
- Updated:May 24, 2026 at 07:47 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
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