667 Armory Pl, Louisville, KY 40202
This exceptional industrial property, located at 667 Armory Pl, Louisville, KY 40202, presents a significant investment opportunity. The 135,785 square foot warehouse, built in 2001, features a two-story design and sits on a 3.81-acre lot (APN: 013K01500000). The building boasts impressive ceiling heights ranging from 20 to 70 feet, providing ample vertical space for various storage and operational needs. Five (5) loading docks, each measuring 9' x 10', are equipped with levelers and seals, ensuring efficient loading and unloading operations. The property is zoned C-3 and offers superb access to the city's central location, with excellent ingress and egress. While additional parking is TBD, there are additional parking lots on the south side of Broadway. This property is also available for purchase with the adjacent 525 West Broadway property for a combined price of $7,000,000. This represents a substantial price reduction from the previous asking price of $13,250,000. The asking price for this individual property is $3,300,000, translating to $24.30 per square foot. This is a rare opportunity to acquire a well-located, spacious industrial warehouse in a thriving Kentucky market.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C3-CENTRAL BUSINESS · 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.