1541 Oak StLouisville, KY 40210

This exceptional 1.5-acre property in Louisville, Kentucky, presents a compelling multifamily development opportunity. Located at 1541 W Oak Street, in Jefferson County (zip code 40210), this site boasts a C2 & R7 zoning designation, allowing for diverse development options, including single-family and multi-family housing. The property includes existing structures: a vacant, approximately 18,000 square foot church building requiring renovation, and a 2,550 square foot Community Development Center constructed in 2009. The total square footage of the existing buildings is 22,000 square feet, currently priced at $20.45 per square foot, for an asking price of $450,000. Benefiting from its location within a designated Opportunity Zone, this property offers significant potential for investors and developers. Its proximity to Downtown Louisville, Norton Health Care Sports and Learning Center, Norton West Louisville Hospital, and Simmons College of Kentucky HBCU makes it ideally situated to address the area's housing demands. This property is available for purchase as a whole or potentially separately; further details can be found at the provided link (link removed for this response). This is a rare chance to capitalize on a prime location and existing infrastructure for a lucrative development project.