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    4802 Olympia Park Plz Louisville, KY 40241

    Sponsored
    For Sale
    $2,632,500

    Prime location, high traffic, mixed-use zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.7-acre parcel presents a unique investment opportunity in Louisville, Kentucky. Strategically located near the intersection of I-71 and I-265, this property enjoys unparalleled accessibility with over 75,000 vehicles traversing I-265 daily. Its proximity to the Brownsboro Rd I-265 exit and the Paddock Shops, a premier shopping destination attracting 16 million visitors annually, ensures high visibility and significant foot traffic. The OR3 zoning allows for a diverse range of development options, including assisted living facilities, healthcare centers, office spaces, hotels, multi-family residential buildings, and educational institutions. This prime location is further enhanced by a highly educated population, with over 44% possessing a bachelor's degree or higher, creating a strong potential market for various commercial and residential ventures. The address is 4802 Olympia Park Plaza, Louisville, KY 40241, in Jefferson County. The asking price is $2,632,500. This is a rare opportunity to acquire a substantial land holding in a thriving area with exceptional access and development potential.

    Property Features for 4802 Olympia Park Plz

    General Information

    Property type
    Land
    Lot Size
    117,612 SF

    HighLights

    • 2.7‑acre parcel in Louisville, KY, ideal for commercial development.
    • Exceptional location near I‑71 and I‑265 interchanges, boasting high traffic counts and visibility.
    • OR3 zoning permits diverse uses including assisted living, healthcare, office, hotel, multi‑family, and education.
    • Strong market potential due to high concentration of highly educated residents.
    • Asking price: $2,632,500.
    Property Profile Location Intelligence

    Current Use by Public Records

    GBC Metals Metal Fabricator

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.580454977781
    Latitude
    38.310268391447

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    FAQs

    What type of property is this?
    Land - Prime location, high traffic, mixed-use zoning.
    Where is this land located?
    The property is located at 4802 Olympia Park Plz Louisville, KY.
    What is the asking price?
    The asking price for this property is $2,632,500.
    What are key features of this property?
    This property features: 2.7-acre parcel in Louisville, KY, ideal for commercial development.; Exceptional location near I-71 and I-265 interchanges, boasting high traffic counts and visibility.; OR3 zoning permits diverse uses including assisted living, healthcare, office, hotel, multi-family, and education.
    (502) 454-0911
    Request Owner's contact information
    4802 Olympia Park Plz Louisville, KY 40241
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    Louisville, KY 40241
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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
    4802 Olympia Park Plz Louisville, KY 40241
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