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Property profile & analytics
FOR LEASE
Industrial land

1447 Levering St Louisville, KY 40208

1.61 ac lot
Entity Owned 7-yr Hold Free & Clear
Property ID
US34-0041265
Property summary
AI-generated overview

This exceptional new development, breaking ground in Q1 2025, offers 22,000 square feet of flexible commercial space in Old Louisville's vibrant M-2 zoned area. The property, totaling 1.6 acres, is ideally suited for a variety of uses, including retail, office, industrial, R&D, and manufacturing. The building features a single story with 18-foot ceilings, providing ample space and flexibility for customization. Divisible into units as small as 5,000 square feet, with a maximum contiguous space of 22,000 square feet, this property caters to diverse tenant needs. Each unit will include at least one drive-in bay and an entry door, accommodating various operational requirements. Mezzanine floors are available as a build-out option. The property boasts nine drive-in doors and 26 total parking spaces, ensuring convenient access and ample parking for employees and clients. Its strategic location offers unparalleled access to major transportation arteries, including I-65 (both North and South), I-264, and is within minutes of the University of Louisville, Downtown Louisville, the Louisville Medical District, Churchill Downs, the Kentucky International Convention Center, and the Kentucky Exposition Center. The proximity to these key areas provides exceptional visibility and accessibility for businesses. This is a rare opportunity to secure space in a brand-new, highly adaptable building in a prime location.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 1.61 ac (70,001 SF)
Zoning code M2-INDUSTRIAL
APN 08031J01500000
UPID US34-0041265
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rykara LLC · 7 yrs held
Rykara LLC
since 2018
4 recorded transactions
2019
Price N/A
2018
$410,000
2017
$297,000
1969
Price N/A
Zoning & alternative use
M2-INDUSTRIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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