Commercial Land with Existing
For Sale
Contact for pricing
3123 Dixie Hwy, Louisville, KY 40216
C-1-zoned acreage along Dixie Highway includes an established building, parking, garages, and additional basement space.
Property Size4,062 SF
Price / SF$0.00
Days on Market99
Property Features for 3123 Dixie Hwy
General Information
Standard status
Active
Size
4,062 SF
Class
C
Property subtype
retail
Properties For Sale
at 3123 Dixie Hwy
Available Space
Immediate
Floor
1st
Size
4,062 SF
Type
Retail
Term
Negotiable
Listing Agency:
Louisville
(502) 426-1300
Listed By:
Stephen Lannert · License #185914
(502) 394-2508
Source:
Property.jll
Added: Jul 10
Changed: Oct 5
Last Checked: Oct 16 at 6:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Louisville
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Investment Insights
Based on property information with market context.
This C-1 Neighborhood Commercial Zone property comprises 1.33 acres along Dixie Highway with a 3,008-square-foot building created by joining two former residences. The structure includes multiple rooms and bathrooms, a finished basement, brick exterior, detached and attached garage space, and off-street parking. Built in 1910, the property retains historic architectural character while offering an existing footprint for commercial repositioning or redevelopment, subject to verification of condition and permitted uses.
The site is located in Louisville on the Dixie Highway corridor and has direct highway exposure. Its combination of land area, an existing structure, garage improvements, and parking supports consideration of office, retail, professional-service, event-related, adaptive-reuse, or redevelopment plans, with zoning and use confirmation required by the buyer.
The site is located in Louisville on the Dixie Highway corridor and has direct highway exposure. Its combination of land area, an existing structure, garage improvements, and parking supports consideration of office, retail, professional-service, event-related, adaptive-reuse, or redevelopment plans, with zoning and use confirmation required by the buyer.
Key Highlights
- 1.33‑acre commercial parcel along Dixie Highway
- 3,008‑square‑foot building formed from two joined former residences
- C‑1 Neighborhood Commercial Zone designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,499
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,980
$1.0M
Cap Rate 7%
$721,414
$721.4K
Cap Rate 9%
$561,100
$561.1K
Market Conditions
NOI Build-Up for 4,062 SF
Gross rent
$78.0K $19.20/SF
− Vacancy
−$5.8K −$1.44/SF
EGI
$72.1K $17.76/SF
− OpEx
−$21.6K −$5.33/SF
NOI
$50.5K $12.43/SF
Area
ZIP 40216
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,980
Cap Rate 7%
$721,414
Cap Rate 9%
$561,100
Alternative Uses
Best Use
Retail
$721.4K
$631.2K – $841.7K
NOI $50,499 @ 7.0% cap · market cap 901,767.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$911.5K – $1.22M
NOI $72,921 @ 7.0% cap · market cap 1,302,160.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 41%
Electronics 4%
White Castle
Dining
12,458 visits/mo
0.5 miles
BP
Shops & Services
10,213 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,424 visits/mo
0.5 miles
Shively Food Mart
Shops & Services
1,798 visits/mo
0.1 miles
Enterprise Rent-A-Car
Shops & Services
1,171 visits/mo
0.1 miles
Demographics for 40216, KY
43,434
Population
19,257
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
15.7 sq mi
ZIP Area
2,766
Density / Sq Mi
$50,211
Median Household Income
$35,503
Median Earnings
$883
Median Rent
$154,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Louisville, KY
Frequently Asked Questions
What type of property is this?
Commercial land - C-1-zoned acreage along Dixie Highway includes an established building, parking, garages, and additional basement space.
Where is this commercial land located?
The property is located at 3123 Dixie Hwy Louisville, KY.
What are key features of this property?
This property features: 1.33‑acre commercial parcel along Dixie Highway; 3,008‑square‑foot building formed from two joined former residences; C‑1 Neighborhood Commercial Zone designation
