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    4511 Dixie Hwy Louisville, KY 40216

    Sponsored
    For Sale
    $1,395,000

    1+ Acre Retail Opportunity in Louisville, KY

    Property size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-acre corner lot at 4511-4515 Dixie Hwy in Louisville, Kentucky, offers 43,560 square feet of prime commercial real estate. Currently occupied by an auto dealership/service garage and a law office, this property presents a unique redevelopment opportunity. The C2 zoning allows for versatile development options, including a shopping center, medical facility, or gas station. The combined lots (4511 & 4515 Dixie Hwy) benefit from a high traffic count of 56,997 Average Daily Trips (ADT), ensuring excellent visibility and accessibility. The property's location at a key intersection provides significant advantages for businesses seeking high foot traffic and convenient access. The asking price is $1,395,000, and the property is available immediately (0 years remaining lease term). This is a blank canvas for a wide range of commercial ventures, offering significant potential for growth and return on investment. The property's size and zoning make it ideal for a variety of uses, capitalizing on the high traffic volume and strategic location in Jefferson County, KY, zip code 40216. This is a rare opportunity to acquire a substantial commercial property in a thriving area of Louisville.

    Property Features for 4511 Dixie Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    43,560 SF

    HighLights

    • 1‑Acre Corner Lot in Louisville, KY: 43,560 SF of C2‑zoned land at 4511‑4515 Dixie Hwy, currently occupied by an auto dealership/service garage and law office.
    • High Traffic Count: 56,997 ADT ensures excellent visibility and accessibility at this key intersection.
    • Redevelopment Opportunity: C2 zoning allows for diverse uses, including shopping centers, medical facilities, or gas stations.
    • Immediate Availability: Property is available now with no remaining lease term.
    • Asking Price: $1,395,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Haile, Thomas V Estate Planning Attorney

    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
    -85.8180839
    Latitude
    38.1785051

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    FAQs

    What type of property is this?
    Lifestyle center - 1+ Acre Retail Opportunity in Louisville, KY
    Where is this lifestyle center located?
    The property is located at 4511 Dixie Hwy Louisville, KY.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: 1-Acre Corner Lot in Louisville, KY: 43,560 SF of C2-zoned land at 4511-4515 Dixie Hwy, currently occupied by an auto dealership/service garage and law office.; High Traffic Count: 56,997 ADT ensures excellent visibility and accessibility at this key intersection.; Redevelopment Opportunity: C2 zoning allows for diverse uses, including shopping centers, medical facilities, or gas stations.
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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
    4511 Dixie Hwy Louisville, KY 40216
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