4450 Dixie Hwy Shively, KY 40216-2877
- Retail space
- 1,752 SF
- 0.53 lot acres
Current Use by Public Records
- Retail space
Property Details for 4450 Dixie Hwy
- Year built
- 1925
- Lot size
- 0.53 lot acres
- Property size
- 1,752 SF
- Zone code
- C2-COMMERCIAL
- Property type
- Retail space
- APN
- 25102100990000
- APU
- 25102100990000
Description
This exceptional investment opportunity presents a 4,588 square foot, two-building property situated on a 0.36-acre lot in Louisville, Kentucky. The property, located at 4450 Dixie Highway, is zoned C2, allowing for diverse retail and commercial uses. The main building, formerly a Nanz and Kraft store, features 1,032 square feet of vacant first-floor retail space and a second-floor apartment. A separate four-plex building provides four additional rental units, all currently leased. The property boasts six total units, offering significant income-generating potential. The convenient location on Dixie Highway ensures high visibility and accessibility, making it ideal for a variety of businesses. Ample parking is available with four designated spaces in a rear lot. The 15,810 square foot lot provides additional development possibilities. This property offers a unique blend of retail and multifamily uses in a prime Louisville location, presenting a compelling investment opportunity with strong potential for future growth and returns. The asking price is $850,000, translating to $185.27 per square foot.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shively
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.8181
- Latitude
- 38.1796
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
