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    3048 Broadway Louisville, KY 40211

    Sponsored
    For Sale
    $400,000

    0.83-acre industrial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.83-acre industrial land parcel, located at 3048 W Broadway in Louisville, Kentucky (zip code 40211), presents a unique investment opportunity. Priced at $400,000, this property boasts a strategic location within Jefferson County's Enterprise Zone District (EZ-1 zoning). The EZ-1 zoning allows for a wide range of commercial and industrial uses, mirroring the allowances of C-2 Commercial and M-3 Industrial zones, with certain exceptions. The flat land is largely paved with concrete, providing immediate usability. Access is convenient via two gates, one at the north and one at the south end of the west side. Three sides of the property are fenced, offering security. The property comprises two contiguous parcels (APN: 046A00200000 and 046A00210000), totaling 0.83 acres. Its proximity to major interstates ensures excellent highway access, and its location places it within a rapidly developing area, benefiting from hundreds of millions of dollars in recent nearby investments. This makes it ideal for various industrial uses, including, but not limited to, truck parking in its current state. The property's flat, paved surface and convenient access points make it a highly attractive option for developers and businesses seeking a strategic location in Louisville's thriving industrial sector.

    Property Features for 3048 Broadway

    General Information

    Property type
    Land
    Lot Size
    36,155 SF

    HighLights

    • Level, mostly concrete paved land.
    • Dual gated access: north and south on the west property line.
    • Three‑sided fenced property; east side borders railway (unfenced).
    • Excellent location within a rapidly developing area with hundreds of millions of dollars in recent nearby development.
    • Convenient access to multiple interstate highways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.8031262
    Latitude
    38.2487031

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    FAQs

    What type of property is this?
    Land - 0.83-acre industrial lot, prime location.
    Where is this land located?
    The property is located at 3048 Broadway Louisville, KY.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Level, mostly concrete paved land.; Dual gated access: north and south on the west property line.; Three-sided fenced property; east side borders railway (unfenced).
    Request Owner's contact information
    3048 Broadway Louisville, KY 40211
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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
    3048 Broadway Louisville, KY 40211
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