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Property profile & analytics
OFF-MARKET
Office Spaces

301 Middletown Park Pl Ste A Middletown, KY 40243-2515

34.25 ac lot
Individually Owned 5-yr Hold Free & Clear
Property ID
US34-0375261
Property summary
AI-generated overview

This exceptional investment opportunity presents two vacant, contiguous office condos totaling 2,286 square feet, ideally situated within the well-maintained Middletown Professional Park in Louisville, Kentucky. Located at 301 Middletown Park Pl, zip code 40243, this Class B property boasts a strategic location surrounded by a vibrant mix of retail shops, service businesses, strip malls, and residential areas, ensuring high visibility and accessibility. Built in 1995, the two-story building houses these units on the second floor. Currently configured as a single, larger space, the property offers the flexibility to remain as is or easily be converted into two separate suites, catering to a variety of business needs. Each unit includes nine offices, two restrooms, and a kitchenette, along with its own HVAC system. The asking price is $350,000, translating to $153.11 per square foot. The property is zoned OR and is currently vacant, presenting immediate occupancy potential for a buyer. The seller is highly motivated to sell, making this a compelling opportunity for investors or businesses seeking a turnkey solution in a thriving Louisville neighborhood. This is a rare chance to acquire a well-located, versatile office space at a reduced price.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Lot 34.25 ac (1,492,052 SF)
APN 21282200KD301A
UPID US34-0375261
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Scott A Welch · 5 yrs held
Scott A Welch
since 2021
Last sale
$443,900
7 recorded transactions
2021
Price N/A
2021
Price N/A
2020
$76,500
2019
$76,500
2018
$443,900
2018
Price N/A
2017
$153,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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