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Property profile & analytics
FOR SALE
Auto shops

245 Adams St Louisville, KY 40206

0.06 ac lot
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US34-0267124
Property summary
AI-generated overview

This exceptional 2-acre development site in Louisville's vibrant Butchertown neighborhood presents a unique investment opportunity. Boasting extensive Interstate 64 frontage and exposure, it offers unparalleled visibility and accessibility. Enjoy stunning Ohio River waterfront views and proximity to the Louisville City FC Soccer Stadium. The property benefits from two curb cuts, providing access from both Adams and Quincy Streets. Zoned EZ-1, it's approved for a wide range of commercial uses, including multi-family, hotel, self-storage, and mixed-use developments (street retail and upper-level residential). The site's versatility also lends itself to creative projects such as music venues, event spaces, farmer's markets, food truck parks, bourbon distilleries, or restaurants. Located within an Opportunity Zone, this property offers additional tax advantages for developers. A clean environmental report is available. Currently, some small accessory buildings and a barn are on-site, generating interim income via short-term leases. An adjacent 0.56-acre parcel is also available for purchase (separate listing). This property offers a compelling combination of location, zoning, and potential, making it an ideal choice for discerning investors seeking a high-impact development project in a thriving urban setting. The asking price is $1,595,000.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Lot 0.06 ac (2,522 SF)
Zoning code EZ1-ENTERPRISE ZONE
APN 04020E01260000
UPID US34-0267124
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
Current use
Occupant on record · Public records
  • Diegos home maintenance Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Wt Holdings LLC · 9 yrs held
Wt Holdings LLC
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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