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.
Hopkinsville Market Fundamentals • Demographics (3-Mile)
Population 35,000+
Median HH Income $52,000+
Avg HH Income $68,000+
Daytime Population 42,000+
Traffic & Access
Cadiz Road (US-68) Primary Corridor
Daily Traffic 15,000-20,000 VPD
I-24 Access 12 mi to Exit 86
Fort Campbell 20 miles
Limited Supply
Few large commercial parcels remain on Cadiz Road
Growing Market
Fort Campbell's 30,000 workforce
Retail Demand
Proven tenant demand, limited new supply
Optimal Commercial Uses
• Retail Centers (15,000-50,000 SF)
• Quick Service Restaurants
• Professional Office / Medical
• Automotive Services
• Banks / Financial Services
• Convenience / C-Store
Permitted High-Value Uses
Premium QSR
• Chick-fil-A, Raising Cane's, Chipotle
• Grocery
• Kroger, Publix (not discount)
• Medical
• Clinics, urgent care, dental
• Professional
• Office, banks, services
Deed Restrictions Enhance Value: Dollar-type discount stores are prohibited, which prevents low-quality retail and supports premium tenant mix with higher rental rates ($20-25/SF vs $12-15/SF).
Subdivision Flexibility
Option Acres Price
Commercial Campus 10 $1,350,000
Retail Development 5 $675,000
QSR Pad Site 2 $270,000
Bank / End Cap Pad 1 $135,000
Strategic Advantage: Buy entire 33.68 acres at $90k/acre ($3.03M), subdivide and sell premium pads at $135k/acre, recoup 50-75% of land cost while retaining development-ready acreage for long-term hold or build-to-suit.
• Full presentation, development pro formas, and due diligence materials available upon request
James Church
Commercial & Land Agent | Realtor®
NMLSR#678483 | TN#367369 | KY#282357
Kw Commercial | Kw Land
2271 Wilma Rudolph Blvd., Clarksville, TN 37040
C: 707.592.2777 | O: 931.648.8500
james.church@kwcommercial.com
Kentucky CCIM Chapter | Middle Tennessee CCIM Chapter
Programs Subcommittee Member — Middle Tennessee
James Church is a candidate pursuing the CCIM Designation. The CCIM Designation has not yet been conferred.
Information deemed reliable but not guaranteed. Buyer to verify all information independently.
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