Avison Young Lists Hopkinsville Hotel Development Site - Hopkinsville, KY
Avison Young, as sole exclusive agent, it please to offer the fee simple interest in the Hotel Development Site (hereinafter "Property," or "Hotel"), a land site located in Hopkinsville, Kentucky.
The Hopkinsville Hotel Development Site sits at the crossroads of Interstate 169 (Pennyrile Parkway) and Fort Campbell Boulevard. The 2.5+ acre site sits adjacent to the newly redeveloped Bradford Square with retailers such as J.C. Penny, Peebles, Hibbett Sport, TeleTech and WK Cinemas. There is a wide varetiy of dining options within minutes of the development site. The site is sutable for for 2 hotels and has good access and visibility from Interstate 169. Intersstate 24 is just seven miles southwest running from Nashville to Paducah.
Hopkinsville is the primary retail area for Christian County and Fort Campbell Army Base. Local Industries include nine Japanese Companies, one German, one Spanish, one Canadian, and one Italian company. Hopkinsville is the headquarters and primary manufacturer. Ebonite owns Hammer Bowling, Dyno-Thane, Columbia 300, Track International, and Robby's. 60% of the world's bowling balls are manufactured in Hopkinsville. Economic growth can be see through local initiatives and investments such as Hopkinsville manufacturer TG Automotive recently announcing $7.5 million in upgrades to their manufacturing air conditioning system, new production lines, and employee training. The company's aim is to increase production and lower employee turnover. Agriculture also plays a significant role in the local economy with high production levels of corn, winter wheat, soybeans, and tobacco. Christian County has an estimated 1,150 farms with over 300,000 acres of farmland.
For Campbell is 17 miles of Hopkinsville on the Tennessee-Kentucky bordor. The base is home to several well known units including the 101st Airborn Division (Screaming Egles), 5th Special Forces Group, 160th Special Operations Aviation Regiment, 86th Combat Support Hospital and the Blanchfield Army Community Hospital. With a population of 13, 600, the base plays a major role in the regional economy. Kentucky, as a state, employs 50,331 military personnel. Christian County employs 29,878, roughly 60% of the state's total. The Department of Defense also employs 2,284 civilians in Christian County.
Upside Potential / Deal Highlights
There are a number of compelling aspects to this investment opportunity, which should provide a significant increase in value for an investor, which are as follows:
- Great location in a redeveloping area
- Great interstate visibility
- Site large enough for two hotels
- Located near a large military base
- Site sits in the heart of the local retail district
For more information on this listing, contact
Matt Wilkins: Phone: 770-692-1605 / Email: [email protected]
Joe Jones: phone: Office: 770-692-1605 / Cell: 678-628-2290 / Email: [email protected]isonyoung.compublished: 07-27-2017