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Property profile & analytics
FOR SALE
Office buildings

6347 Meeting St Prospect, KY 40059

0.11 ac lot
Entity Owned 2-yr Hold Absentee Owner
Property ID
US34-0331982
Property summary
AI-generated overview

This exceptional Class A commercial property, located at 6347 Meeting Street in Prospect, Kentucky (zip code 40059), presents a unique investment opportunity. The 7,600 square foot building, constructed in 2023, boasts a versatile layout suitable for various uses, including executive office, medical office, flex space, and coworking. The property is zoned C-R (Commercial/Residential District) and features a total of twelve buildings on the site. The investment type is a Net Lease (NN+), with a multi-tenant occupancy. The property includes 3,400 square feet of first-floor retail or office space, adaptable for build-to-suit or owner-occupancy. This space is currently in a "cold grey" condition and is available at $30 per square foot. Adding to the investment potential are two 1,900 square foot residential units on the second floor, generating a combined gross monthly income of $6,800. The property's APN is 379300170000. This mixed-use property offers a compelling blend of commercial and residential income streams, making it an attractive investment in a desirable Kentucky location. Jefferson County provides a strong market for both commercial and residential tenants. The property's modern construction and flexible space ensure long-term value and adaptability to changing market demands. This is a rare opportunity to acquire a high-quality, multi-use property in a thriving community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.11 ac (4,800 SF)
APN 21403907080000
UPID US34-0331982
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
$1.16M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.43M
Owner & transaction history
Meeting Street Realty LLC · 2 yrs held
Meeting Street Realty LLC
since 2023
Last sale
$1.7M
1 recorded transaction
2023
$1.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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