1231 Oak St Louisville, KY 40210
- Warehouses
- 32,464 SF
- 0.82 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1231 Oak St
- Year built
- 1940
- Lot size
- 0.82 lot acres
- Property size
- 32,464 SF
- Property type
- Warehouses
- APN
- 07037K01020000
- APU
- 07037K01020000
Description
This exceptional two-story, 32,953-square-foot warehouse, situated on a 0.84-acre lot in Louisville, KY, presents a compelling investment opportunity. The property boasts 18,713 square feet on the first floor and 13,010 square feet on the second floor, offering abundant natural light. A 1,230-square-foot basement houses the boiler room. Key features include three loading docks, high ceilings, multiple drive-in bays, large windows, and a freight elevator. The building is primarily brick construction with some metal components. The property is fenced, except for a small front area for guest parking, and offers convenient access to major interstates, including I-65. Its EZ-1 zoning (allowing most C-2 and M-3 uses) ensures versatility for a wide range of commercial applications. The asking price is $1,500,000, translating to $45.52 per square foot. This property is ideal for single or multiple users, accommodating both short-term and long-term leases. The address is 1231 W Oak St, Louisville, KY 40210, and the APN is 037K01020000. This is a rare opportunity to acquire a well-located, spacious industrial property with significant potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $205,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $225,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $275,000
- Mixed-Use
- $280,000
- Hospitality
- $255,000
- Educational
- $235,000
- Residential Income
- $225,000
- Energy
- $200,000
- Income-Based Land
- $275,000
- Food Service
- $200,000
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.7748
- Latitude
- 38.2367
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA