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    1500 Crums Ln Louisville, KY 40216

    For Sale
    $1,965,600

    Prime South Louisville industrial land, M-2 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 15.12-acre parcel of commercially zoned land presents a significant investment opportunity in South Louisville, Kentucky. Located at 1500 Crums Lane, this property boasts an M-2 zoning designation, opening doors to a variety of industrial development projects. The expansive lot size offers ample space for a wide range of uses, including industrial development, self-storage facilities, or industrial outdoor storage (IOS). Its strategic location provides convenient access to Interstate 264, ensuring seamless transportation and logistics. The asking price is $1,965,600, translating to $130,000 per acre, reflecting the land's high value and potential. The property's Jefferson County location, with a Louisville, KY 40216 zip code, further enhances its appeal. The APN is 090E01160000. This is a rare chance to acquire a substantial tract of land in a thriving industrial area, poised for significant growth and return on investment. Don't miss this opportunity to secure a prime piece of Louisville real estate.

    Property Features for 1500 Crums Ln

    General Information

    Property type
    Land
    Lot Size
    658,627 SF

    HighLights

    • $1,965,600 asking price.
    • 15.12‑acre commercial land parcel.
    • M‑2 zoning.
    • $130,000 per acre land value.
    • Located at 1500 Crums Ln, Louisville, KY 40216.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.804608
    Latitude
    38.187211

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    FAQs

    What type of property is this?
    Land - Prime South Louisville industrial land, M-2 zoning.
    Where is this land located?
    The property is located at 1500 Crums Ln Louisville, KY.
    What is the asking price?
    The asking price for this property is $1,965,600.
    What are key features of this property?
    This property features: $1,965,600 asking price.; 15.12-acre commercial land parcel.; M-2 zoning.
    Request Owner's contact information
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    Louisville, KY 40216
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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
    1500 Crums Ln Louisville, KY 40216
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