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    2858 Frankfort Ave Louisville, KY 40206

    Sponsored
    For Sale
    $3,500,000

    Prime Louisville Office, 15,210 SF, 9 Units

    Property size:
    15,210 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A office building, located at 2858-2862 Frankfort Avenue in Louisville, Kentucky, presents a unique investment opportunity. Completely renovated in 2023, this two-story, 15,210 square foot building boasts nine units and offers flexible floor plans ideal for a variety of uses. High ceilings and abundant natural light create a modern and attractive workspace. The property includes a mezzanine level on the second floor and a basement, providing ample space for various needs. Situated on a desirable block of Frankfort Avenue, the building offers ground floor retail potential, complementing the upper-level office space. With 20 on-site parking spaces, tenant and client convenience is ensured. The C-1 Neighborhood Commercial zoning allows for diverse uses. The property sits on a 0.34-acre lot and features a desirable location in the 40206 zip code. Built in 1926, this meticulously renovated building offers a blend of historic charm and modern functionality, making it an outstanding investment opportunity in a thriving Louisville neighborhood. The asking price is $3,500,000, translating to $230.11 per square foot. The property's APN is 071V000B0015 | 071G00290000.

    Property Features for 2858 Frankfort Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,210 SF
    Class
    A
    Lot Size
    14,810 SF

    Building Details

    Year Built/Renovated
    1926/2023
    Buildings
    1
    Stories
    2
    Units
    9

    HighLights

    • $3,500,000 asking price for this Class A office building.
    • 15,210 square feet, multi‑tenant building with nine units.
    • $230.11 per square foot.
    • Located at 2858‑2862 Frankfort Ave, Louisville, KY 40206.
    • Completely renovated in 2023, originally built in 1926.
    • Features 20 parking spaces on a 0.34‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ewing Niels & Associates Business Management Consultant Cardinal Tree Service ... Tree Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.6876613
    Latitude
    38.2545351

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Louisville Office, 15,210 SF, 9 Units
    Where is this office property / space located?
    The property is located at 2858 Frankfort Ave Louisville, KY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: $3,500,000 asking price for this Class A office building.; 15,210 square feet, multi-tenant building with nine units.; $230.11 per square foot.
    (502) 719-3240
    Request Owner's contact information
    2858 Frankfort Ave Louisville, KY 40206
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    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
    2858 Frankfort Ave Louisville, KY 40206
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