1230 Bardstown RdLouisville, KY 40204

Property Details for 1230 Bardstown Rd

Year built

1890

Lot size

0.24 AC

Property size (Sq ft)

6,520 SF

Zone code

(C2)COMMERCIAL OVERLAY

Property type

Schools

APN

10075B00020000

APU

10075B00020000

Description

This exceptional 13,412 square foot property, located at 1230 Bardstown Rd in Louisville, Kentucky's vibrant Highlands neighborhood, presents a prime redevelopment opportunity. The vacant, three-story building, constructed in 1890, sits on a 0.38-acre lot (APN: 075B00020000) and is zoned C2, offering versatile commercial and residential potential. Currently vacant, the structure is mostly gutted, providing a blank canvas for a visionary developer. The property's prime location within the bustling Highlands, known for its eclectic mix of boutiques, restaurants, and entertainment venues, ensures high visibility and foot traffic. The substantial square footage allows for a multitude of uses, including a multi-family redevelopment project with the potential to create 10-12 modern apartment units, incorporating a restaurant or entertainment venue on the ground floor. The property's historic charm offers a unique blend of classic architecture and contemporary possibilities. The building's historic nature may also qualify for historic tax credits, offering significant financial advantages. This is a rare chance to create a landmark destination in one of Louisville's most sought-after areas. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,261,920

  6.5%

  $1,164,850

  7%

  $1,081,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $561,242

  Geo Method

  $561,242

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,295,360

  Retail / Commercial

  $1,176,650

  Mixed-Use / Specialty

  $1,172,140

  Hospitality / Lodging

  $859,553

  Office

  $1,164,850

  Institutional / Educational

  $1,218,440

  Residential Income

  $1,425,580

  Multifamily

  $1,711,500

  Automotive / Energy

  $1,044,380

  Parking / Income-Based Land

  $360,712

  Restaurant / Food Service

  $608,969

  Healthcare / Senior Housing

  $1,202,330

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.236

Longitude

-85.7174

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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