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    6511 Paramount Park Dr Louisville, KY 40213

    For Lease
    Contact for pricing

    0.68-acre lot, high visibility, I-65 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.68-acre commercial land parcel presents a remarkable development opportunity in Louisville, Kentucky's thriving Fern Valley submarket. Situated at 6511 Paramount Park Drive, this single-tenant site boasts unparalleled visibility and accessibility. Located a quarter-mile from I-65's Fern Valley Road exit, within the Paramount Park development, the property enjoys second-tier visibility from Fern Valley Road, a major thoroughfare experiencing 29,000 vehicles per day. The flat, easily developable lot is surrounded by a robust mix of established businesses, including Taco Bell, Comfort Suites, Holiday Inn, Outback Steakhouse, Frisch's, Signature Inn, and Wendy's, ensuring high traffic and consumer presence. Its EZ-1 zoning allows for a variety of development options, making it ideal for retail, medical, or office uses. The strategic location offers convenient access to major transportation arteries, including Interstates 65, 265, and 264, as well as Preston Highway. Furthermore, its proximity to Louisville Muhammad Ali International Airport, UPS WorldPort, and the Ford Louisville Assembly Plant provides significant advantages for businesses seeking a location with strong logistical connections and a skilled workforce. This prime property represents a rare opportunity to capitalize on a high-demand location within a flourishing commercial corridor. Jefferson County location, zip code 40213.

    Property Features for 6511 Paramount Park Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • 0.68‑acre ± level lot available for sale.
    • High‑visibility lot on Fern Valley Road with over 29,000 vehicles per day.
    • Excellent location near Louisville International Airport, UPS WorldPort, and Ford Assembly Plant.
    • Ideal for retail, medical, or office development.
    • Strong surrounding retail and hotel presence including McDonald's, Wendy's, and multiple hotels.
    • EZ‑1 Commercial Zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop 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
    -85.7120209
    Latitude
    38.156289

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    FAQs

    What type of property is this?
    Land - 0.68-acre lot, high visibility, I-65 access.
    Where is this land located?
    The property is located at 6511 Paramount Park Dr Louisville, KY.
    What are key features of this property?
    This property features: 0.68-acre ± level lot available for sale.; High-visibility lot on Fern Valley Road with over 29,000 vehicles per day.; Excellent location near Louisville International Airport, UPS WorldPort, and Ford Assembly Plant.
    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
    6511 Paramount Park Dr Louisville, KY 40213
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