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    1231 Oak St Louisville, KY 40210

    Sponsored
    For Sale
    $1,500,000

    32,953 SF Industrial Space, $1.5M

    Property size:
    32,953 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, 32,953-square-foot warehouse, situated on a 0.84-acre lot in Louisville, KY, presents a compelling investment opportunity. The property boasts 18,713 square feet on the first floor and 13,010 square feet on the second floor, offering abundant natural light. A 1,230-square-foot basement houses the boiler room. Key features include three loading docks, high ceilings, multiple drive-in bays, large windows, and a freight elevator. The building is primarily brick construction with some metal components. The property is fenced, except for a small front area for guest parking, and offers convenient access to major interstates, including I-65. Its EZ-1 zoning (allowing most C-2 and M-3 uses) ensures versatility for a wide range of commercial applications. The asking price is $1,500,000, translating to $45.52 per square foot. This property is ideal for single or multiple users, accommodating both short-term and long-term leases. The address is 1231 W Oak St, Louisville, KY 40210, and the APN is 037K01020000. This is a rare opportunity to acquire a well-located, spacious industrial property with significant potential.

    Property Features for 1231 Oak St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    32,953 SF
    Lot Size
    36,590 SF

    Building Details

    Stories
    2

    HighLights

    • Two‑story brick warehouse building.
    • 18,713 SF first floor.
    • 13,010 SF second floor.
    • 1,230 SF basement housing boiler room.
    • 32,953 SF total building area.
    • 0.84‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    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
    -85.7747606
    Latitude
    38.2366606

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    FAQs

    What type of property is this?
    Manufacturing property - 32,953 SF Industrial Space, $1.5M
    Where is this manufacturing property located?
    The property is located at 1231 Oak St Louisville, KY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Two-story brick warehouse building.; 18,713 SF first floor.; 13,010 SF second floor.
    Request Owner's contact information
    1231 Oak St Louisville, KY 40210
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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
    1231 Oak St Louisville, KY 40210
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