1400 BroadwayLouisville, KY 40203

Property Details for 1400 Broadway

Year built

1908

Lot size

1.22 AC

Property size (Sq ft)

42,293 SF

Zone code

EZ1-ENTERPRISE ZONE

Property type

Showrooms

APN

07036D01530000

APU

07036D01530000

Description

This iconic 66,000-square-foot flex space in Louisville, Kentucky, presents an unparalleled investment opportunity. Located at 1400 W Broadway, this property sits on 1.69 acres and offers a multitude of development possibilities. Currently zoned EZ-1, the building and surface parking lot are included in the $1,299,000 asking price, translating to $19.68 per square foot. Its prime location offers easy access to major interstates (I-64, I-65, and I-71), placing it within blocks of the downtown central business district and the heart of Louisville's bourbon industry. The property's proximity to numerous ongoing West Louisville development projects and its designation as an Opportunity Zone further enhance its appeal. Potential uses include, but are not limited to, hotel, industrial factory, corporate campus, school/university, restaurant, or bourbon-related hospitality. This unique property offers endless potential for a savvy investor seeking a high-impact project in a rapidly growing area. The property is for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $10,129,943

  6.5%

  $9,350,716

  7%

  $8,682,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,174,265

  Geo Method

  $9,174,265

• Alternative Use

  Use

  Valuation

  Residential

  $7,887,679

  Hospitality

  $7,225,072

  Educational

  $6,011,174

  Medical

  $6,217,908

  Retail

  $9,350,716

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2476

Longitude

-85.7755

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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