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    Mkt Pl Dr Louisville, KY 40229

    Sponsored
    For Lease
    $34,013

    1.47-acre commercial lot, prime location.

    Lot size:
    64,033 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.47-acre commercial outparcel presents a unique ground lease opportunity in the thriving Hillview, KY submarket of the Louisville MSA. Located on Preston Highway (KY Route 61), this highly visible lot boasts over 18,000 vehicles per day passing directly in front. The property sits prominently in front of a Price Less Foods anchored shopping center and adjacent to a newly constructed Scooter's Coffee, ensuring high traffic and excellent brand exposure. Its strategic location offers easy access to major thoroughfares, with I-65 and I-265 (Gene Snyder Freeway) less than three miles away. This prime location benefits from the strong retail presence of nearby national brands, including Walmart Supercenter, Tractor Supply Co., Kohl's, Menards, and Lowe's Home Improvement, creating a robust and desirable retail environment. The property is situated in Bullitt County, Kentucky, with a Louisville, KY mailing address and zip code 40229. This outparcel is ideal for a variety of commercial uses, offering significant potential for growth and return on investment. The single-tenancy land is classified as commercial property.

    Property Features for 0 Mkt Pl Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,033 SF
    Total Rate
    34013.61

    Unit(s) available at that property

    Space
    Size
    64,033 SF
    Rate per SF
    $34,013

    HighLights

    • High visibility from Preston Highway with excellent traffic counts.
    • Over 18,000 vehicles pass daily on Preston Highway.
    • Convenient access to I‑65 and I‑265 (Gene Snyder Freeway), less than 3 miles away.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Louisville
    County
    Bullitt
    State
    Kentucky
    Longitude
    -85.671299719251
    Latitude
    38.073066114631

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    FAQs

    What type of property is this?
    Land - 1.47-acre commercial lot, prime location.
    Where is this land located?
    The property is located at Mkt Pl Dr Louisville, KY.
    What is the lease rate?
    The lease rate is $34,013.
    What are key features of this property?
    This property features: High visibility from Preston Highway with excellent traffic counts.; Over 18,000 vehicles pass daily on Preston Highway.; Convenient access to I-65 and I-265 (Gene Snyder Freeway), less than 3 miles away.
    Request Owner's contact information
    Mkt Pl Dr Louisville, KY 40229
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    Louisville, KY 40229
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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
    Mkt Pl Dr Louisville, KY 40229
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