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    6347 Meeting St Prospect, KY 40059

    For Sale
    Contact for pricing

    7,600 SF Multi-Tenant Office/Retail

    Property size:
    7,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional Class A commercial property, located at 6347 Meeting Street in Prospect, Kentucky (zip code 40059), presents a unique investment opportunity. The 7,600 square foot building, constructed in 2023, boasts a versatile layout suitable for various uses, including executive office, medical office, flex space, and coworking. The property is zoned C-R (Commercial/Residential District) and features a total of twelve buildings on the site. The investment type is a Net Lease (NN+), with a multi-tenant occupancy. The property includes 3,400 square feet of first-floor retail or office space, adaptable for build-to-suit or owner-occupancy. This space is currently in a "cold grey" condition and is available at $30 per square foot. Adding to the investment potential are two 1,900 square foot residential units on the second floor, generating a combined gross monthly income of $6,800. The property's APN is 379300170000. This mixed-use property offers a compelling blend of commercial and residential income streams, making it an attractive investment in a desirable Kentucky location. Jefferson County provides a strong market for both commercial and residential tenants. The property's modern construction and flexible space ensure long-term value and adaptability to changing market demands. This is a rare opportunity to acquire a high-quality, multi-use property in a thriving community.

    Property Features for 6347 Meeting St

    General Information

    Property type
    Medical offices
    Square Feet
    7,600 SF
    Class
    A

    Building Details

    Year Built
    2023
    Buildings
    12

    HighLights

    • 7,600 SF Class A commercial building in Prospect, KY (40059), built in 2023.
    • Versatile layout suitable for executive office, medical office, flex space, or coworking.
    • Net Lease (NN+) with multi‑tenant occupancy.
    • 3,400 SF of first‑floor retail/office space available at $30/SF (cold grey shell).
    • Two 1,900 SF residential units generating $6,800/month in gross income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prospect
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.564937
    Latitude
    38.33235

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    FAQs

    What type of property is this?
    Medical office - 7,600 SF Multi-Tenant Office/Retail
    Where is this medical office located?
    The property is located at 6347 Meeting St Prospect, KY.
    What are key features of this property?
    This property features: 7,600 SF Class A commercial building in Prospect, KY (40059), built in 2023.; Versatile layout suitable for executive office, medical office, flex space, or coworking.; Net Lease (NN+) with multi-tenant occupancy.
    Request Owner's contact information
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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
    6347 Meeting St Prospect, KY 40059
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