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    1601 Main St Louisville, KY 40203

    Sponsored
    For Sale
    $1,095,000

    Downtown Louisville Industrial Duo: 32,628 SF

    Property size:
    32,628 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Louisville industrial property, encompassing 32,628 square feet across two buildings at 1601 & 1605 West Main Street, presents a compelling investment opportunity. Built in 1890 and the 1980s, the property boasts a versatile layout ideal for distribution, warehousing, or manufacturing. The buildings offer a combined 1,664 square feet of office space, complemented by 11,600 square feet of air-conditioned space. Loading capabilities include two dock-high doors (14' x 14' interior dock) and a drive-in door (14' x 13'). Ceiling heights range from 10'-12' to 18'-20.5', depending on the building. The property also features two mezzanines totaling 16,728 square feet (not included in the total square footage). Situated on a 0.941-acre lot, the property provides ample space and includes 8 parking spaces. The property benefits from prime downtown Louisville location, offering excellent access to major transportation routes. Zoned EZ-1 (Enterprise Zone), C-2 (commercial), and M-3 (industrial), it enjoys flexible usage options and potential tax incentives. Furthermore, its location within an Opportunity Zone and both state and local Tax Increment Financing (TIF) districts presents significant investment advantages. The property's 400-amp, 240v/3-phase electrical service ensures operational efficiency. This is a rare opportunity to acquire a substantial industrial property in a highly desirable location.

    Property Features for 1601 Main St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    32,628 SF
    Lot Size
    40,990 SF

    Building Details

    Buildings
    2
    Stories
    1

    HighLights

    • Built in 1890 and the 1980s.
    • 1,664 square feet of office space.
    • 400‑amp, 240v/3‑phase electrical service.
    • Ceiling heights: 18'-20.5' and 10'-12'.
    • 14' x 13' drive‑in door.
    • 14' x 14' interior dock‑high door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Board of Elections Warehouse Corporate Office

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7766761
    Latitude
    38.2591576

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    FAQs

    What type of property is this?
    Manufacturing property - Downtown Louisville Industrial Duo: 32,628 SF
    Where is this manufacturing property located?
    The property is located at 1601 Main St Louisville, KY.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: Built in 1890 and the 1980s.; 1,664 square feet of office space.; 400-amp, 240v/3-phase electrical service.
    Request Owner's contact information
    1601 Main St Louisville, KY 40203
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    Louisville, KY 40203
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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
    1601 Main St Louisville, KY 40203
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