1541 Oak StLouisville, KY 40210

Property Details for 1541 Oak St

Lot size

3.00 AC

Property size (Sq ft)

22,000 SF

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2372

Longitude

-85.7802

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