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    5911 Watterson Trl Louisville, KY 40291

    Sponsored
    For Sale
    $2,321,250

    6.19 Acres, Prime Louisville Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.19-acre commercial land parcel presents a remarkable investment opportunity in Louisville, Kentucky. Located at 5911 S Watterson Trail, this property boasts a highly desirable C-N zoning designation and sits on a hard corner with a signalized intersection. The site benefits from exceptional visibility and accessibility, experiencing traffic counts exceeding 25,000 vehicles daily on S. Hurstbourne Parkway. Strong demographics further enhance its appeal, with a population of 217,000 and 89,000 households within a 5-mile radius. Its strategic location offers proximity to key amenities and infrastructure. Less than a mile from the intersection of Bardstown Road and Hurstbourne Parkway, the property is also situated 0.2 miles from a new residential development encompassing 240 multi-family units and 66 single-family lots, developed by Highgates Development and Pulte Homes. Additional nearby attractions include Noltemeyer Capital's Willow Green Apartments (1.4 miles), Haier-GE Appliance Park (2 miles), I-265 Snyder Freeway (2.5 miles), and I-65 (6 miles), providing convenient access to Ford, UPS, and Louisville International Airport. The asking price is $2,321,250, translating to $375,000 per acre. The property's APN is 062801510000. This is a rare opportunity to acquire a strategically located commercial land parcel with significant development potential.

    Property Features for 5911 Watterson Trl

    General Information

    Property type
    Land
    Lot Size
    269,636 SF

    HighLights

    • High‑visibility corner lot at a signalized intersection.
    • C‑N zoning.
    • Over 25,000 vehicles per day on S. Hurstbourne Parkway.
    • Strong demographics: 217,000 population and 89,000 households within a 5‑mile radius.
    • Less than one mile from Bardstown Road and Hurstbourne Parkway intersection.
    • 0.2 miles from a new 240‑unit multifamily and 66‑lot single‑family residential development by Highgate and Pulte.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon 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
    -85.611922
    Latitude
    38.161775

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    FAQs

    What type of property is this?
    Land - 6.19 Acres, Prime Louisville Location
    Where is this land located?
    The property is located at 5911 Watterson Trl Louisville, KY.
    What is the asking price?
    The asking price for this property is $2,321,250.
    What are key features of this property?
    This property features: High-visibility corner lot at a signalized intersection.; C-N zoning.; Over 25,000 vehicles per day on S. Hurstbourne Parkway.
    (502) 253-1811
    Request Owner's contact information
    5911 Watterson Trl Louisville, KY 40291
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    Louisville, KY 40291
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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
    5911 Watterson Trl Louisville, KY 40291
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