6101 Fegenbush LnLouisville, KY 40228

Property Details for 6101 Fegenbush Ln

Year built

1951

Construction

WOOD

Lot size

3.82 AC

Property size (Sq ft)

9,622 SF

Zone code

R4-RESIDENTIAL SINGLE FAM

Property type

Retail properties

Property subtype

Retail space

APN

23063600230000

APU

23063600230000

Description

This exceptional 1,500-square-foot retail space, part of a brand-new 10,000-square-foot center in Jefferson County's Fern Creek/Highview submarket, presents a compelling investment opportunity. Located on Fegenbush, directly across from S Hurstbourne Pkwy, this C1-zoned property benefits from high visibility and traffic counts exceeding 20,000 vehicles daily. The space boasts high ceilings, large windows, and is situated in a thriving area between a Shell gas station and a liquor store, ensuring high foot traffic and brand exposure. Ideal for a restaurant or various retail concepts, this space offers immediate occupancy. The building features 50 total parking spaces for ample customer convenience. The property sits on two acres of land and was constructed in 2023. Lease terms are a minimum of seven years at a rate of $24 per square foot annually, with NNN charges of $2.40 per square foot annually covering exterior maintenance, taxes, and insurance. This translates to a monthly lease of $3,300 plus the NNN charges. A tenant allowance is available to customize the space. The property's proximity to Jefferson Mall and access to public transportation further enhance its appeal. This is a rare chance to establish a business in a rapidly growing area with significant potential for success. A $2,000,000 liability business insurance policy is required.

• CAP approach

  CAP return

  Valuation

  6%

  $2,525,090

  6.5%

  $2,330,853

  7%

  $2,164,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,087,220

  Geo Method

  $2,087,220

• Alternative Use

  Use

  Valuation

  Residential

  $1,966,162

  Hospitality

  $1,800,993

  Educational

  $1,498,405

  Medical

  $1,549,938

  Retail

  $2,330,853

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.1611

Longitude

-85.6393

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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