This ±7.80-acre approved and entitled commercial PUD is strategically positioned at the corner of Hwy 109 and Rock Castle Road within a high-growth area, offering a planned ±46,970 square feet of retail space across seven buildings. Benefiting from approximately 26,054 vehicles per day on Hwy 109, the site is located at the entrance of the Spence Creek subdivision and in close proximity to additional residential communities, including 750 homes in Spence Creek and 250 homes in Reunion Township, as well as a neighboring 2 million square foot industrial park development. With convenient access t
CloseDaily local analysis
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
This property is grouped with the current listings without a reported bedroom count in Lebanon. Its asking price falls near the 86th percentile of that active group. The comparison uses 274 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 8 days, while the current cohort averages 45 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $465,495, and the median is $188 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 235 Limestone Way | Jun 29, 2026 | 5 bd · 2,368 sqft | $439,995 | 0.2 mi |
| 448 Stardust Drive | Jun 22, 2026 | 5 bd · 2,368 sqft | $469,995 | 0.2 mi |
| 451 Stardust Drive | May 29, 2026 | 5 bd · 2,368 sqft | $460,995 | 0.2 mi |
| 105 Cades Bluff | May 27, 2026 | 4 bd · 2,560 sqft | $475,000 | 0.2 mi |
| 457 Stardust Drive | May 27, 2026 | 5 bd · 2,368 sqft | $449,995 | 0.2 mi |
| 447 Stardust Drive | Jun 30, 2026 | 3 bd · 1,644 sqft | $427,995 | 0.4 mi |
| 841 Madison Dr | Jun 30, 2026 | 4 bd · 2,974 sqft | $515,000 | 0.4 mi |
| 285 Gibson Dr | Jul 1, 2026 | 4 bd · 2,821 sqft | $500,000 | 0.4 mi |
MLS timeline
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
Location reference points
These distances are precomputed from the listing coordinates and a maintained set of regional landmarks; no mapping service is called when this page loads. Mileage is straight-line distance. Driving minutes are a planning estimate derived from that distance and should be checked against a live route before a showing or commute.
Continue comparing
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Lebanon homes for sale · See the Lebanon market report