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    1028 Story Ave Louisville, KY 40206

    Sponsored
    For Sale
    $1,200,000

    Prime Louisville development land, high-growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.296-acre corner lot at 1028 Story Avenue in Louisville, Kentucky's vibrant Butchertown/NuLu neighborhood presents a compelling investment opportunity. Zoned M2, this property offers unparalleled potential for diverse commercial development. Its strategic location within a thriving area known for its rapid growth and vibrant culture makes it ideal for a wide range of projects. Imagine a hotel, retail space, or other commercial venture capitalizing on the area's popularity with trendy shops, popular restaurants, and established businesses. The property's high visibility and accessibility ensure maximum exposure for any future development. This is a chance to build something extraordinary in one of Louisville's most sought-after locations. The asking price is $1,200,000. Please note that a business is currently operating on the site

    Property Features for 1028 Story Ave

    General Information

    Property type
    Individual retail properties
    Lot Size
    12,894 SF

    HighLights

    • 0.296‑acre corner lot in Louisville, KY's Butchertown/NuLu neighborhood.
    • M2 zoning allows for diverse commercial development.
    • High‑visibility location in a rapidly growing, vibrant area with trendy shops and restaurants.
    • Excellent potential for various commercial ventures, including hotels or retail.
    • Asking price: $1,200,000. Currently occupied by an existing business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Producers Veterinary Supply ... Pet Supply Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7308002
    Latitude
    38.2545157

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    FAQs

    What type of property is this?
    Individual retail property - Prime Louisville development land, high-growth area.
    Where is this individual retail property located?
    The property is located at 1028 Story Ave Louisville, KY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 0.296-acre corner lot in Louisville, KY's Butchertown/NuLu neighborhood.; M2 zoning allows for diverse commercial development.; High-visibility location in a rapidly growing, vibrant area with trendy shops and restaurants.
    Request Owner's contact information
    1028 Story Ave Louisville, KY 40206
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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
    1028 Story Ave Louisville, KY 40206
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