821 2Nd StLouisville, KY 40203

Property Details for 821 2Nd St

Year built

1963

Lot size

0.13 AC

Property size (Sq ft)

2,112 SF

Zone code

C2-COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

08030C00460000

APU

08030C00460000

Description

This exceptional Class A office building, located at 821 S 2nd St in Louisville, KY's vibrant downtown business district, presents a unique investment opportunity. The 2,112 square foot, single-story building, constructed in 1963, is currently vacant and offers significant flexibility for a variety of uses. Its adaptable layout includes three dedicated offices (one with a built-in library), a kitchen, a conference room, and a reception area. Existing office furniture, including a front desk and shelving, is available. A large open area in the rear expands the possibilities for customization. The property boasts six or more dedicated parking spaces, plus ample on-street parking. A convenient greenspace adjacent to the parking lot offers potential for expansion. The strategic location near Broadway and the expressway, coupled with its proximity to a university, makes it ideal for various businesses, including catering, chiropractic practices, law offices, daycare centers, or retail ventures. The asking price is $225,000, translating to $106.53 per square foot. This property offers a compelling combination of location, versatility, and potential for high return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $344,124

  6.5%

  $317,653

  7%

  $294,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $181,801

  Geo Method

  $181,801

• Alternative Use

  Use

  Valuation

  Residential

  $393,890

  Hospitality

  $360,801

  Educational

  $300,182

  Medical

  $310,506

  Retail

  $466,950

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2425

Longitude

-85.7552

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].