1320 Washington St Louisville, KY 40206-1827
This exceptional 10,158-square-foot commercial property at 1320 E Washington St, Louisville, KY 40206, presents a rare opportunity in the desirable Butchertown neighborhood. The building, classified as Class B, is a single-tenant structure encompassing two stories on a 0.17-acre lot. Its versatile design caters to a wide range of uses, encompassing creative office space, flex space, and even light industrial applications. The abundant natural light throughout the creative office areas creates a bright and inviting atmosphere. The property's functionality is further enhanced by the inclusion of one dock-high door and a drive-in door, ideal for warehousing or storage needs. Potential uses are numerous, including but not limited to light industrial operations, retail production, creative office space, or even an event venue. The building's adaptability extends to the possibility of incorporating a residential unit on the second floor, subject to permitted zoning (R-6). Recent improvements include a roof and siding replacement within the past year, ensuring the building's long-term structural integrity. The asking price is $1,500,000, translating to a price per square foot of $147.67. This property offers a unique blend of functionality, location, and recent upgrades, making it an attractive investment opportunity in a thriving Louisville neighborhood.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R6-RESIDENTIAL MULTI-FAMI · Louisville, KYLouisville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.