Property profile

1860 Mellwood Ave Louisville, KY 40206

FOR LEASE
Commercial land
Property ID
US34-0191885
0.04 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class B office building, located at 1860 Mellwood Avenue in Louisville, Kentucky, offers a unique opportunity for businesses seeking flexible and spacious executive office space. The property boasts a total of 166,270 square feet, with 54,000 square feet currently vacant and divisible into units ranging from a minimum of 8,000 square feet to a maximum contiguous space of 30,000 square feet. Three spaces are currently available. The building features impressive 20-foot ceilings, providing a sense of grandeur and ample natural light. Situated on a generous 5.46-acre lot, the property offers convenient on-site parking, a significant advantage in a bustling urban environment. Its strategic location provides easy access to downtown Louisville, as well as major transportation arteries including Interstates 71 and 64, ensuring seamless commutes for employees and clients. Modern conveniences include both passenger and freight elevators, catering to diverse business needs and facilitating efficient operations. The property's APN is 088A02270000 and is zoned for office/showroom use. This is an ideal location for businesses seeking a prestigious address with ample space and convenient amenities. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.04 ac (1,612 SF)
Zoning code C1-COMMERCIAL
APN 14088G00050000
UPID US34-0191885

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
  • Volunteer Organization
  • Tax Preparation
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Alternative Medicine Practice Spa & Massage Center
  • Marketing & Advertising Advertising Agency

Location

1860 Mellwood Ave Louisville, KY 40206
Louisville metro Census 7400 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2017
Price N/A

Zoning & alternative use

C1-COMMERCIAL · 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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