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Property profile & analytics
OFF-MARKET
Auto shops

5350 Dixie Hwy Louisville, KY 40216-1564

0.28 ac lot Built 1936
Trust Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US34-0192332
Property summary
AI-generated overview

This exceptional 0.295-acre parcel presents a remarkable multi-family development opportunity in Louisville, Kentucky. Located at 5350 Dixie Hwy, in Jefferson County (zip code 40216), this property is zoned OR-2, permitting the construction of up to eight modern townhomes with dedicated parking for eleven vehicles. The site's strategic location within a well-established residential area, adjacent to existing apartment complexes and a Walmart Neighborhood Center, ensures high demand and convenient access to essential amenities. Residents will enjoy the proximity to everyday shopping needs, while the property's position between Interstates 264 and 265, just off Dixie Highway, provides excellent connectivity. This land offers a compelling investment prospect, catering to the growing need for quality housing in a desirable Louisville neighborhood. The asking price for this exceptional development opportunity is $140,000. The property's location offers easy access to major roadways, enhancing its appeal to potential residents. This is a rare chance to capitalize on the strong demand for multi-family housing in this thriving area.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1936
Lot 0.28 ac (12,240 SF)
Zoning code OR2-OFFICE/RESIDENTIAL
APN 25102600470000
UPID US34-0192332
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Montgomery,edwin R Trust · 20 yrs held
Montgomery,edwin R Trust
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
OR2-OFFICE/RESIDENTIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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