725 7Th St Louisville, KY 40203
- Parking lots & garages
- 0.17 lot acres
Current Use by Public Records
- 725 S 7th St Parking / Parking Lot
Property Details for 725 7Th St
- Lot size
- 0.17 lot acres
- Zone code
- C2-COMMERCIAL
- Property type
- Parking lots & garages
- APN
- 08029A00390000
- APU
- 08029A00390000
Description
This exceptional commercial land opportunity presents a highly desirable 0.99-acre parcel located in the heart of downtown Louisville, Kentucky. The property, situated at 725 S 7th St, features a substantial 154-space parking lot, ideal for various commercial uses. The lot is comprised of seven contiguous parcels (APN: 029A00390000, 029A00380000, 029A00370000, 029A00360037, 029A00350000, 029A00340000, 029A00330034), offering flexibility for development or continued operation as a parking facility. Its strategic location on the corner of 7th and York Streets provides excellent ingress and egress, ensuring convenient access for patrons. The property benefits from its proximity to key landmarks including the USPS, LG&E, Gannett/Courier Journal, and numerous government services, guaranteeing high visibility and potential for strong rental income. The asking price is $1,250,000, reflecting the significant value and potential of this prime downtown location. The property is zoned PD - Planned Development, offering a range of development possibilities. This presents a rare opportunity to acquire a substantial commercial land holding in a thriving urban environment. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $380,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $425,000
- Mixed-Use
- $425,000
- Hospitality
- $370,000
- Educational
- $440,000
- Residential Income
- $365,000
- Energy
- $405,000
- Income-Based Land
- $440,000
- Food Service
- $445,000
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.7631
- Latitude
- 38.2453
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
