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    2612 Chestnut St Louisville, KY 40211

    Sponsored
    For Sale
    $925,000

    Versatile warehouse complex, ample parking.

    Property size:
    58,811 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Louisville, KY industrial property presents a unique investment opportunity. Located at 2612 W Chestnut St, 40211, this expansive complex encompasses over 58,000 square feet across four separate buildings situated on a 1.802-acre lot. The main building offers 23,304 square feet of space, complemented by a 1,484 square foot office building and two warehouses totaling 34,023 square feet (21,959 SF and 12,064 SF respectively). The property's zoning is a blend of M2 and R6, with potential for rezoning based on prior and current usage. Constructed of durable brick, the buildings boast a solid infrastructure and ample parking. Previously utilized as a paint and metal shop, this versatile property is well-suited for a variety of industrial applications. The existing business operations could potentially be included in the sale, offering a turnkey opportunity. This substantial property offers significant potential for diverse uses and substantial returns. The asking price is $925,000. This is a rare chance to acquire a large-scale industrial property in a prime Louisville location.

    Property Features for 2612 Chestnut St

    General Information

    Property type
    Distribution properties
    Square Feet
    58,811 SF

    HighLights

    • $925,000 asking price for a vacant industrial warehouse property.
    • 58,811 square feet total building area.
    • Four buildings included: main building (23,304 sq ft), office (1,484 sq ft), and two warehouses (21,959 sq ft and 12,064 sq ft).
    • 1.802‑acre lot.
    • M2 and R6 zoning; potential for rezoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    AL Hansen Paint ... Auto Body Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.795198818386
    Latitude
    38.25306176959

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    FAQs

    What type of property is this?
    Distribution property - Versatile warehouse complex, ample parking.
    Where is this distribution property located?
    The property is located at 2612 Chestnut St Louisville, KY.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: $925,000 asking price for a vacant industrial warehouse property.; 58,811 square feet total building area.; Four buildings included: main building (23,304 sq ft), office (1,484 sq ft), and two warehouses (21,959 sq ft and 12,064 sq ft).
    Request Owner's contact information
    2612 Chestnut St Louisville, KY 40211
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    Louisville, KY 40211
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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
    2612 Chestnut St Louisville, KY 40211
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