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    245 Adams St Louisville, KY 40206

    Sponsored
    For Sale
    $1,595,000

    Prime 2-acre development site, Butchertown.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2-acre development site in Louisville's vibrant Butchertown neighborhood presents a unique investment opportunity. Boasting extensive Interstate 64 frontage and exposure, it offers unparalleled visibility and accessibility. Enjoy stunning Ohio River waterfront views and proximity to the Louisville City FC Soccer Stadium. The property benefits from two curb cuts, providing access from both Adams and Quincy Streets. Zoned EZ-1, it's approved for a wide range of commercial uses, including multi-family, hotel, self-storage, and mixed-use developments (street retail and upper-level residential). The site's versatility also lends itself to creative projects such as music venues, event spaces, farmer's markets, food truck parks, bourbon distilleries, or restaurants. Located within an Opportunity Zone, this property offers additional tax advantages for developers. A clean environmental report is available. Currently, some small accessory buildings and a barn are on-site, generating interim income via short-term leases. An adjacent 0.56-acre parcel is also available for purchase (separate listing). This property offers a compelling combination of location, zoning, and potential, making it an ideal choice for discerning investors seeking a high-impact development project in a thriving urban setting. The asking price is $1,595,000.

    Property Features for 245 Adams St

    General Information

    Property type
    Multifamily properties
    Lot Size
    65,340 SF

    HighLights

    • 2‑acre development site in Louisville's Butchertown neighborhood.
    • Prime location across from Louisville City FC Soccer Stadium with Ohio River waterfront views.
    • Excellent visibility and accessibility with Interstate 64 frontage.
    • EZ‑1 zoning allows for diverse commercial uses including multi‑family, hotel, and mixed‑use development.
    • Two curb cuts provide convenient access from Adams and Quincy Streets.
    • Adjacent 0.56‑acre parcel also available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Diegos home maintenance Property Maintenance

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7264531
    Latitude
    38.2597204

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    FAQs

    What type of property is this?
    Multifamily property - Prime 2-acre development site, Butchertown.
    Where is this multifamily property located?
    The property is located at 245 Adams St Louisville, KY.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: 2-acre development site in Louisville's Butchertown neighborhood.; Prime location across from Louisville City FC Soccer Stadium with Ohio River waterfront views.; Excellent visibility and accessibility with Interstate 64 frontage.
    Request Owner's contact information
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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
    245 Adams St Louisville, KY 40206
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