1541 Oak St Louisville, KY 40210
- Dormitories
- 22,000 SF
- 3.00 lot acres
Current Use by Public Records
- Centennial Olivet Baptist Church / Baptist Church
Property Details for 1541 Oak St
- Lot size
- 3.00 lot acres
- Property size
- 22,000 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional 3-acre property at 1541 W Oak St, Louisville, KY 40210 presents a compelling multifamily and commercial development opportunity. The site boasts C2 & R7 zoning, allowing for diverse uses including retail, office, and residential development. Existing improvements include a vacant, approximately 18,000 square foot church building requiring renovation, a 2,550 square foot community development center constructed in 2009, and a 1,083 square foot single-family home. The total square footage across all buildings is approximately 22,000 square feet. This prime location offers convenient access to Downtown Louisville, Norton Health Care Sports and Learning Center, Norton West Louisville Hospital, and Simmons College of Kentucky, creating strong potential for both residential and commercial success. The property's designation within a City Opportunity Zone further enhances its investment appeal. This is a rare chance to capitalize on the growing demand for housing and commercial space in a vibrant and strategically located area. The asking price is $675,000. Creative financing options are available. Don't miss this chance to acquire a significant development site in a rapidly developing area of Louisville.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.7802398
- Latitude
- 38.2371934
