11905 Dixie Hwy Louisville, KY 40272
- Warehouses
- 3,648 SF
- 2.16 lot acres
Current Use by Public Records
- Austin Bryan Plumbing / Plumber / Bathroom Remodeler
- Silverline Trailers - Louisville KY / Trailer Dealer
- PTL Construction / Construction Company / General Contractor
Property Details for 11905 Dixie Hwy
- Year built
- 1966
- Lot size
- 2.16 lot acres
- Property size
- 3,648 SF
- Zone code
- C2-COMMERCIAL
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 24105200580000
- APU
- 24105200580000
Description
This exceptional Louisville investment opportunity encompasses a 2.66-acre site zoned CM (Commercial Manufacturing), ideally situated on Dixie Highway near the Gene Snyder Freeway. The property includes a recently constructed, 7,800-square-foot vacant warehouse featuring concrete flooring, metal siding and roofing, seven 8x10 drive-in doors, and ample electrical service (200-amp, 1-phase). The warehouse boasts high bay LED lighting. In addition to the main warehouse, the property includes two additional buildings on the 11907 parcel. One is a residential building with three apartments (two 1-bedroom units and one 2-bedroom unit), two of which are currently rented at $650/month plus utilities. The other is a freestanding building, formerly a two-car garage, recently used as an office and including a half-bath, currently vacant. An approved development plan is available. The entire property presents a compelling opportunity for contractors, self-storage operators, or other industrial users, offering a blend of immediate income and significant development potential. The asking price is $1,270,000, with a land value of $162.82 per square foot. The property is located in Jefferson County, Kentucky, and offers easy access to major transportation arteries. This shovel-ready site is level and presents a rare opportunity in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $450,000
- 6.5%
- $485,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $480,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $385,000
- Retail
- $395,000
- Mixed-Use
- $400,000
- Hospitality
- $440,000
- Educational
- $475,000
- Residential Income
- $440,000
- Energy
- $520,000
- Income-Based Land
- $500,000
- Food Service
- $375,000
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.8806
- Latitude
- 38.0824
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
