245 Adams St Louisville, KY 40206
For Sale
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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.
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Diegos home maintenance Landscaping General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
EZ1-ENTERPRISE ZONE · Louisville, KYLouisville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.