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Property profile

1601 Oak St Louisville, KY 40210

OFF-MARKET
Retail properties & Spaces
Property ID
US34-2039518
1,083 SF 0.71 ac lot
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Property summary

AI-generated overview

This exceptional 0.71-acre property presents a compelling investment opportunity in Louisville, Kentucky. Located at 1601 W Oak St, 40210, this land parcel boasts versatile C2 and R7 zoning, allowing for a diverse range of development projects. The 1,083 square foot site is priced at $115.42 per square foot, offering significant potential for return. Its strategic location near Downtown Louisville, Norton Health Care Sports and Learning Center, Norton West Louisville Hospital, and Simmons College of Kentucky provides convenient access to key amenities and a strong potential tenant base. The property's designation within a city opportunity zone further enhances its investment appeal. This site is suitable for various uses, including retail, office space, and single-family or multi-family residential development, addressing the area's housing demand. The existing building, approximately 1,083 square feet, could be repurposed or demolished to accommodate a new construction project. This is an ideal opportunity for developers and investors seeking a prime location with flexible zoning and high growth potential in a thriving Kentucky market. The property is available for purchase individually.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,083 SF
Lot 0.71 ac (30,928 SF)
UPID US34-2039518

Cap rate & NOI

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

Location

1601 Oak St Louisville, KY 40210
Louisville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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