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1317 Main St Louisville, KY 40206-1745

OFF-MARKET Manufacturing properties Google Maps
1,386 SF 0.04 ac lot Built 1951
Individually Owned 15-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$125k
Range $113k – $138k (±10%)
Property ID US34-0082471

Property summary

AI-generated overview

This exceptional 5.71-acre industrial property, located at 1317 E Main St, Louisville, KY 40206, presents a significant investment opportunity. The site encompasses seven lots and features two existing warehouses totaling 7,386 square feet, offering immediate usability or redevelopment potential. Currently vacant, this property is zoned EZ-1 - Enterprise Zone District, providing potential tax benefits. The asking price is $3,500,000, translating to $473.87 per square foot and $590,000 per acre. The property's versatile zoning allows for various uses, including distribution, flex, warehouse, and manufacturing, making it suitable for a wide range of businesses. The Jefferson County location offers excellent access to major transportation routes, enhancing its logistical advantages. This prime redevelopment site on East Main Street presents a unique chance to acquire a substantial industrial holding in a thriving Kentucky market. The sale terms require cash to the seller. The property's APN is 068H00200000. This is a rare opportunity to acquire a large, well-located industrial property with significant upside potential.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1951
Total area 1,386 SF
Lot 0.04 ac (1,568 SF)
Zoning code EZ1-ENTERPRISE ZONE
APN 05068H00200000
UPID US34-0082471

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$125k

Owner & transaction history

since 2010
1 recorded transaction
2010
Price N/A

Zoning & alternative use

EZ1-ENTERPRISE ZONE · Louisville, KY

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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