For Sale
$675,000

1541 Oak StLouisville, KY 40210

3-Acre Development Opportunity in Opportunity Zone

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 3-acre property at 1541 W Oak St, Louisville, KY 40210 presents a compelling multifamily and commercial development opportunity. The site boasts C2 & R7 zoning, allowing for diverse uses including retail, office, and residential development. Existing improvements include a vacant, approximately 18,000 square foot church building requiring renovation, a 2,550 square foot community development center constructed in 2009, and a 1,083 square foot single-family home. The total square footage across all buildings is approximately 22,000 square feet. This prime location offers convenient access to Downtown Louisville, Norton Health Care Sports and Learning Center, Norton West Louisville Hospital, and Simmons College of Kentucky, creating strong potential for both residential and commercial success. The property's designation within a City Opportunity Zone further enhances its investment appeal. This is a rare chance to capitalize on the growing demand for housing and commercial space in a vibrant and strategically located area. The asking price is $675,000. Creative financing options are available. Don't miss this chance to acquire a significant development site in a rapidly developing area of Louisville.

Highlights

  • $675,000 asking price for this multifamily investment opportunity.
  • 22,000 square feet across two buildings on a 3-acre lot.
  • C-Class property zoned C2 & R7, allowing for diverse development options.
  • Located in Louisville, KY, in a designated Opportunity Zone, near major healthcare facilities and Simmons College.

Property Details for 1541 Oak St

Property type
Dormitories, Student housing
Square Feet
22,000 SF
Class
C
Buildings
2
Lot Size (sq. ft)
130,680 SF

Location Insight

City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.2371934
Longitude
-85.7802398
1541 Oak St, Louisville, Kentucky

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1541 Oak St
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