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    9221 Preston Hwy Louisville, KY 40229

    For Sale
    $625,000

    2.8-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 2.8-acre commercial land parcel, located at 9221 Preston Highway in Louisville, Kentucky, presents a unique investment opportunity. Currently zoned R-4 (Residential Single Family District), this property is situated in a rapidly redeveloping area of Preston Highway, between Manslick Road and I-265. The site boasts significant frontage on Preston Highway, measuring approximately 215 feet along the road and extending 600 feet deep. The gently sloping topography offers ease of development. All utilities are conveniently located on-site. This southernmost lot within the block benefits from the presence of established national retailers such as Meijer's, Tire Discounters, Burger King, Shell, and Thornton's, indicating strong commercial activity in the immediate vicinity. The property's APN is 066100170000. Further expansion possibilities exist through the acquisition of adjacent parcels (both on and off the market), potentially increasing the Preston Highway frontage to approximately 335 feet. Rezoning efforts are actively underway in the area, streamlining the development process. Detailed information and a video overview are available in the provided attachments and media. Please note that contacting current tenants is discouraged. The asking price for this remarkable property is $625,000.

    Property Features for 9221 Preston Hwy

    General Information

    Property type
    Land
    Lot Size
    121,968 SF

    HighLights

    • $625,000 asking price.
    • 2.8‑acre commercial land parcel.
    • R‑4 zoning (rezoning underway).
    • Located at 9221 Preston Hwy, Louisville, KY 40229.
    • 215 ft. of Preston Highway frontage (up to 335 ft. with adjacent parcels).
    Property Profile Insight Report 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
    -85.6757053
    Latitude
    38.1162362

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    FAQs

    What type of property is this?
    Land - 2.8-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 9221 Preston Hwy Louisville, KY.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: $625,000 asking price.; 2.8-acre commercial land parcel.; R-4 zoning (rezoning underway).
    (502) 653-3600
    Request Owner's contact information
    9221 Preston Hwy Louisville, KY 40229
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    Louisville, KY 40229
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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
    9221 Preston Hwy Louisville, KY 40229
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