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    137 W Jefferson St Louisville, KY 40202

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    For Sale
    Contact for pricing

    Ideal hospitality development site near Kentucky International Convention Center.

    Property size:
    10,765 SF
    Lot size:
    0.63 Acres

    Property Features for 137 W Jefferson St

    General Information

    Size
    10,765 SF
    Lot size
    0.63 Acres

    Source: Gant Hill & Associates, LLC Agent Gant B Hill

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Downtown Louisville Hospitality Site

    Located in downtown Louisville, across from the Kentucky International Convention Center (KICC), this property is suited for hospitality development. Downtown Louisville experienced a significant influx of tourism in 2023, with 7.5 million visitors occupying the area's 6,000 hotel rooms, contributing to a substantial economic impact. Situated at the intersection of 2nd and W. Jefferson St., the location offers proximity to attractions such as the KICC, the Yum Center, museums, restaurants, and bourbon destinations. Studies indicate a demand for over 1,000 additional hotel units in the market. The property consists of two lots totaling 0.63 acres, with dimensions of 135 feet by 204 feet. It is located next to a parking garage with over 400 units and a proposed 27-floor hotel with 300 rooms, estimated to cost $175 million. The site currently features a one-story building encompassing 10,540 square feet of office, showroom, and production space, along with parking at the rear. With C3 zoning and no preservation restrictions, the property offers development opportunities across various sectors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AirGarage | Public Parking Parking Lot

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Dental Office Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.753421
    Latitude
    38.2537343

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    FAQs

    What type of property is this?
    Hotel - Ideal hospitality development site near Kentucky International Convention Center.
    Where is this hotel located?
    The property is located at 137 W Jefferson St Louisville, KY.
    What are key features of this property?
    This property features: - Prime Downtown Louisville location directly across from the Kentucky International Convention Center (KICC), ideal for hospitality development.; - High tourism area with 7.5 million visitors in 2023 and strong demand for 1,000+ additional hotel units.; - Strategic location near key attractions: KICC, Yum Center, museums, restaurants, and bourbon destinations.
    (502) 664-4455
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    Louisville, KY 40202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    137 W Jefferson St Louisville, KY 40202
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