1944 Jefferson St, Louisville, KY 40203
This exceptional 1,897 square foot medical office building presents a unique investment opportunity in Louisville, Kentucky's vibrant Russell neighborhood. Located at 1944 W Jefferson St, this single-tenant property is fully finished and ready for immediate occupancy. The building boasts a flexible layout, currently featuring a large co-working space, a private office, and two restrooms. Its C-R (Commercial/Residential) zoning allows for diverse uses, making it ideal for a variety of medical practices or related businesses. The property's strategic location places it at the center of the neighborhood's ongoing revitalization efforts, promising significant future growth potential. The building's address is 1944 W Jefferson St, Louisville, KY 40203, with Jefferson County APN 002F00350000. Note that the upper level currently operates as two short-term rental units, offering additional income potential or the possibility of conversion to further expand the medical office space. The entire 1,897 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their exact specifications. This property represents a rare chance to acquire a well-located, versatile medical office building in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.