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    1033 Zorn Ave Louisville, KY 40207

    For Sale
    $2,495,000

    1.33 Acres, I-71 Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.33-acre commercial land parcel presents a unique investment opportunity in Louisville, Kentucky. Strategically located at the high-traffic corner of I-71 (90,000 Average Daily Traffic) and Zorn Ave (13,000 ADT), this property boasts unparalleled visibility and accessibility. Currently zoned C2, it has already received approval for a 143-room hotel development, significantly reducing pre-construction hurdles. The site includes a valuable sign pole offering prominent interstate visibility, maximizing marketing potential. Further enhancing its appeal is a tourism sales tax exemption for construction materials, resulting in substantial cost savings for developers. Situated just 8 minutes from downtown Louisville, this location benefits from proximity to the city's vibrant core while maintaining easy access to major transportation arteries. The property's Jefferson County APN is 088K00900000. The asking price is $2,495,000, translating to $1,875,939 per acre. This is a rare chance to acquire a prime commercial site with pre-approved development plans and significant cost-saving incentives. Don't miss this opportunity to capitalize on Louisville's thriving economy and prime location.

    Property Features for 1033 Zorn Ave

    General Information

    Property type
    Land
    Lot Size
    57,935 SF

    HighLights

    • High‑traffic corner location at I‑71 (90,000 ADT) and Zorn Ave (13,000 ADT).
    • Pre‑approved for a 143‑room hotel development.
    • Includes a tourism sales tax exemption on construction materials.
    • Features a prominent interstate‑visible sign pole.
    • 8‑minute proximity to Downtown Louisville.
    • C2 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -85.6970079
    Latitude
    38.2762531

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    FAQs

    What type of property is this?
    Land - 1.33 Acres, I-71 Visibility
    Where is this land located?
    The property is located at 1033 Zorn Ave Louisville, KY.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: High-traffic corner location at I-71 (90,000 ADT) and Zorn Ave (13,000 ADT).; Pre-approved for a 143-room hotel development.; Includes a tourism sales tax exemption on construction materials.
    (502) 454-4557
    Request Owner's contact information
    1033 Zorn Ave Louisville, KY 40207
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    Louisville, KY 40207
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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
    1033 Zorn Ave Louisville, KY 40207
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