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    5350 Dixie Hwy Louisville, KY 40216

    Sponsored
    For Sale
    $140,000

    Prime .295-acre development site, OR-2 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.295-acre parcel presents a remarkable multi-family development opportunity in Louisville, Kentucky. Located at 5350 Dixie Hwy, in Jefferson County (zip code 40216), this property is zoned OR-2, permitting the construction of up to eight modern townhomes with dedicated parking for eleven vehicles. The site's strategic location within a well-established residential area, adjacent to existing apartment complexes and a Walmart Neighborhood Center, ensures high demand and convenient access to essential amenities. Residents will enjoy the proximity to everyday shopping needs, while the property's position between Interstates 264 and 265, just off Dixie Highway, provides excellent connectivity. This land offers a compelling investment prospect, catering to the growing need for quality housing in a desirable Louisville neighborhood. The asking price for this exceptional development opportunity is $140,000. The property's location offers easy access to major roadways, enhancing its appeal to potential residents. This is a rare chance to capitalize on the strong demand for multi-family housing in this thriving area.

    Property Features for 5350 Dixie Hwy

    General Information

    Property type
    Land
    Lot Size
    12,850 SF

    HighLights

    • $140,000 asking price for a 0.295‑acre land parcel.
    • OR‑2 zoning permits multifamily development.
    • Ideal for approximately eight townhomes with eleven parking spaces.
    • Excellent location near a Walmart Neighborhood Market and Flintlock Arms Apartments.
    • Convenient access to I‑264 and I‑265 via Dixie Highway.
    Property Profile 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
    -85.835329857457
    Latitude
    38.158673078066

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    FAQs

    What type of property is this?
    Land - Prime .295-acre development site, OR-2 zoning.
    Where is this land located?
    The property is located at 5350 Dixie Hwy Louisville, KY.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: $140,000 asking price for a 0.295-acre land parcel.; OR-2 zoning permits multifamily development.; Ideal for approximately eight townhomes with eleven parking spaces.
    (502) 744-9175
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    5350 Dixie Hwy Louisville, KY 40216
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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
    5350 Dixie Hwy Louisville, KY 40216
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