Property profile

1057 Washington St Louisville, KY 40206

OFF-MARKET
Showrooms
Property ID
US34-2067516
0.77 ac lot
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This 19,392-square-foot industrial facility, built in 1984, is located at 1057 E Washington St, Louisville, KY 40206, within the Butchertown neighborhood. The single-story building sits on a 0.77-acre lot and is zoned CM, allowing for diverse commercial and industrial uses. It's ideally suited for food processing, commissary operations, or related industries, having already received USDA approval. The property boasts excellent access to transportation networks and a skilled workforce. The building includes a commercial vent hood, two coolers, and two freezers. All existing equipment is available for purchase, with an appraised value of $1,075,000. This presents a significant opportunity for expansion or conversion to meet specific business requirements. The property offers development potential for businesses seeking a well-located, versatile industrial space in a thriving Louisville neighborhood. This is a rare opportunity to acquire a fully equipped and approved food processing facility in a prime location.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Lot 0.77 ac (33,506 SF)
APN 04019G02130000
UPID US34-2067516

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Processing Plant Factory
  • Food Market
  • Restaurant
  • Parking Lot & Garage

Location

1057 Washington St Louisville, KY 40206-1848
Louisville metro Census 5902 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2017
7 recorded transactions
2023
Price N/A
2020
Price N/A
2019
Price N/A
2017
$325,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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