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108 10th St Louisville, KY 40202-2612

OFF-MARKET Manufacturing properties Google Maps
9,363 SF 0.11 ac lot Built 1880
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$505k
Range $455k – $556k (±10%)
Property ID US34-2342368

Property summary

AI-generated overview

This exceptional 10,000 square foot property in Louisville, Kentucky, presents a unique investment opportunity. Located at 108 S 10th St, in Jefferson County (zip code 40202), this tastefully renovated building boasts a blend of retail, office, and industrial space, ideal for a variety of uses. Originally a veneer factory, the building has been transformed into a three-story showroom, three to four separate office spaces, and ample warehouse/workspace. The strategic location, just one block from the Phase IV waterfront expansion and near popular establishments like the Loft at Biscuit Lounge and Kentucky Peerless Distillery, ensures high visibility and accessibility. The EZ-1 Enterprise Zone District zoning provides flexibility for future development, and the property qualifies for up to $30 per square foot in city-funded improvements. Features include climate-controlled space, an overhead door for easy access, abundant natural light, a recently installed (three-year-old) HVAC system with four units, all-copper plumbing, 220 AMP service, a security system, and a unique 160-pound hand-operated elevator. The asking price is $1,750,000 ($175 per square foot). APN: 014CSROW0000|2. This is a rare opportunity to acquire a versatile, well-maintained property in a rapidly developing area of Louisville.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1880
Total area 9,363 SF
Lot 0.11 ac (4,704 SF)
Zoning code EZ1-ENTERPRISE ZONE
APN 03014C01820000
UPID US34-2342368

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
  • Art Gallery Picture Frame Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$589k
Blend (final) Blend
$505k

Owner & transaction history

Zoning & alternative use

EZ1-ENTERPRISE ZONE · Louisville, KY
Top alternative use upside
Commercial (general) $710,000 +46.7%
Warehouse, storage $685,000 +41.7%

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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