4450 Dixie HwyLouisville, KY 40216

Property Details for 4450 Dixie Hwy

Year built

1925

Lot size

0.53 AC

Property size (Sq ft)

1,752 SF

Zone code

C2-COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

25102100990000

APU

25102100990000

Description

This exceptional investment opportunity presents a 4,588 square foot, two-building property situated on a 0.36-acre lot in Louisville, Kentucky. The property, located at 4450 Dixie Highway, is zoned C2, allowing for diverse retail and commercial uses. The main building, formerly a Nanz and Kraft store, features 1,032 square feet of vacant first-floor retail space and a second-floor apartment. A separate four-plex building provides four additional rental units, all currently leased. The property boasts six total units, offering significant income-generating potential. The convenient location on Dixie Highway ensures high visibility and accessibility, making it ideal for a variety of businesses. Ample parking is available with four designated spaces in a rear lot. The 15,810 square foot lot provides additional development possibilities. This property offers a unique blend of retail and multifamily uses in a prime Louisville location, presenting a compelling investment opportunity with strong potential for future growth and returns. The asking price is $850,000, translating to $185.27 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $444,913

  6.5%

  $410,689

  7%

  $381,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $380,047

  Geo Method

  $380,047

• Alternative Use

  Use

  Valuation

  Residential

  $346,431

  Hospitality

  $317,329

  Educational

  $264,014

  Medical

  $273,094

  Retail

  $410,689

Location Insight

City

Shively

County

Jefferson

State

Kentucky

Latitude

38.1796

Longitude

-85.8181

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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