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    1253 Preston St Louisville, KY 40203

    For Sale
    $775,000

    Historic Louisville building, 6 units, high ceilings.

    Property size:
    8,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    Galerie Hertz, located at 1253 S Preston St in Louisville, KY, presents a unique mixed-use investment opportunity. This historic building, constructed in 1911, boasts 8,640 square feet across two stories and sits on a 0.343-acre lot. The property is zoned C-2 and features a blend of apartment building, creative office, and storefront spaces, making it ideal for owner-users seeking a versatile investment. The building comprises six units, offering flexibility for various business and residential uses. Ceiling heights range from 9 feet 3 inches to an impressive 16 feet 11 inches, providing ample space and character. Situated in the heart of Shelby Park, a designated Opportunity Zone, this property benefits from a prime location between Camp Street and Shelby Parkway in Louisville's Jefferson County (zip code 40203). The asking price is $775,000, translating to $89.70 per square foot. This Class B building offers a compelling blend of history, functionality, and potential for significant return on investment.

    Property Features for 1253 Preston St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,640 SF
    Class
    B
    Lot Size
    14,941 SF

    Building Details

    Year Built
    1911
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • Historic 1911 mixed‑use building in Louisville, KY.
    • 8,640 square feet on a 0.343‑acre lot, zoned C‑2.
    • Six units offering flexible residential and commercial space.
    • Ceiling heights range from 9'3" to 16'11".
    • Prime Shelby Park location in an Opportunity Zone; asking price $775,000 ($89.70/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Galerie Hertz Art Gallery Ann Stewart Anderson Artist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -85.749825235088
    Latitude
    38.232232384929

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    FAQs

    What type of property is this?
    Individual retail property - Historic Louisville building, 6 units, high ceilings.
    Where is this individual retail property located?
    The property is located at 1253 Preston St Louisville, KY.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: Historic 1911 mixed-use building in Louisville, KY.; 8,640 square feet on a 0.343-acre lot, zoned C-2.; Six units offering flexible residential and commercial space.
    Request Owner's contact information
    1253 Preston St Louisville, KY 40203
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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
    1253 Preston St Louisville, KY 40203
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