161 Outer Loop Louisville, KY 40214
- Retail space
- 25,600 SF
- 5.15 lot acres
Current Use by Public Records
- MANPOWER / Employment Consultant / Human Resource Consulting
- El Vaquero Mexican Grill Cantina / Mexican Restaurant
- La Vaquita Sweet / Ice Cream Shop
- Liquor House / Liquor Store / Atm
- Hibbett Sports / Shoe Store / Clothing Store
Property Details for 161 Outer Loop
- Year built
- 2005
- Lot size
- 5.15 lot acres
- Property size
- 25,600 SF
- Zone code
- C2-COMMERCIAL
- Property type
- Retail space
- APN
- 24376800020000
- APU
- 24376800020000
Description
This exceptional retail opportunity presents 2,660 square feet of vacant space within the highly successful New Cut Market Center, a 51,200 square foot, single-story shopping center located in Jefferson County's Louisville submarket. Built in 2005, this property boasts a strong tenant mix, including a Walmart anchor and other national co-tenants, ensuring high foot traffic and visibility. The center is classified as a Neighborhood/Community Center, offering a convenient shopping experience for the surrounding area. The property sits on a sizable 5.16 acres of land, providing ample parking and potential for future expansion. The building features no elevators, reflecting its single-story design. The zoning is Commercial, allowing for a variety of retail uses. This is a rare chance to secure space in a thriving, established center with a proven track record. The available space offers significant potential for a variety of businesses seeking a high-traffic location within a well-established retail environment. The property's strong anchor tenant and diverse tenant mix provide a stable and attractive investment opportunity. Serious inquiries are encouraged to explore this exceptional retail space. The total building size is 51,200 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,530,000
- 6.5%
- $4,860,000
- 7%
- $5,285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,620,000
- Geo Method
- $4,945,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,580,000
- Retail
- $4,725,000
- Mixed-Use
- $4,365,000
- Hospitality
- $5,060,000
- Educational
- $4,720,000
- Residential Income
- $4,200,000
- Energy
- $5,185,000
- Income-Based Land
- $4,950,000
- Food Service
- $5,605,000
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.7821
- Latitude
- 38.1288
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
