2612 Chestnut St Louisville, KY 40211
- Auto shops
- 21,219 SF
- 0.95 lot acres
Current Use by Public Records
- AL Hansen Paint & Metal Shop Inc / Auto Body Shop / Auto Dent Removal Service
Property Details for 2612 Chestnut St
- Year built
- 1875
- Lot size
- 0.95 lot acres
- Property size
- 21,219 SF
- Zone code
- M2-INDUSTRIAL
- Property type
- Auto shops
- APN
- 02001B01510000
- APU
- 02001B01510000
Description
This exceptional Louisville, KY industrial property presents a unique investment opportunity. Located at 2612 W Chestnut St, 40211, this expansive complex encompasses over 58,000 square feet across four separate buildings situated on a 1.802-acre lot. The main building offers 23,304 square feet of space, complemented by a 1,484 square foot office building and two warehouses totaling 34,023 square feet (21,959 SF and 12,064 SF respectively). The property's zoning is a blend of M2 and R6, with potential for rezoning based on prior and current usage. Constructed of durable brick, the buildings boast a solid infrastructure and ample parking. Previously utilized as a paint and metal shop, this versatile property is well-suited for a variety of industrial applications. The existing business operations could potentially be included in the sale, offering a turnkey opportunity. This substantial property offers significant potential for diverse uses and substantial returns. The asking price is $925,000. This is a rare chance to acquire a large-scale industrial property in a prime Louisville location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $495,000
- 6.5%
- $545,000
- 7%
- $495,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $555,000
- Geo Method
- $505,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $585,000
- Retail
- $465,000
- Mixed-Use
- $540,000
- Hospitality
- $520,000
- Educational
- $505,000
- Residential Income
- $490,000
- Energy
- $470,000
- Income-Based Land
- $525,000
- Food Service
- $525,000
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.7955
- Latitude
- 38.2525
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA