927 BroadwayLouisville, KY 40204

Property Details for 927 Broadway

Year built

1917

Lot size

0.21 AC

Property size (Sq ft)

15,048 SF

Zone code

C2-COMMERCIAL

Property type

Office buildings

APN

04016K00280000

APU

04016K00280000

Description

This exceptional 7,800-square-foot single-tenant office building, located at 927 E. Broadway in Louisville, KY, presents a unique investment opportunity. The property, built in 1967 and renovated in 2011, sits on a 0.7-acre lot and is classified as a Class B building. Currently, 5,300 square feet of space is available for lease. The building's zoning is C-2, allowing for a variety of uses. The existing build-out is ideal for medical practices, featuring ten exam rooms, multiple treatment rooms, private offices, restrooms, ample storage, and a dedicated breakroom. This freestanding building offers a 60-month lease with options, structured as a NNN lease, reflecting the independent nature of the property. The building is a single-story structure, providing convenient access and functionality. The property is situated in the Louisville, KY submarket, offering excellent access to major transportation routes and amenities. This versatile space is suitable for traditional office, medical office, or creative office uses, making it an attractive option for a wide range of businesses. The substantial vacant space provides significant potential for immediate occupancy and customization. The combination of a desirable location, flexible lease terms, and a well-maintained building makes this an outstanding opportunity for discerning investors or businesses seeking a prime location in Louisville.

• CAP approach

  CAP return

  Valuation

  6%

  $2,268,146

  6.5%

  $2,093,673

  7%

  $1,944,125

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,295,332

  Geo Method

  $1,295,332

• Alternative Use

  Use

  Valuation

  Residential

  $2,596,154

  Hospitality

  $2,378,063

  Educational

  $1,978,521

  Medical

  $2,046,565

  Retail

  $3,077,699

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2448

Longitude

-85.7362

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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