2719 Chamberlain LnLouisville, KY 40245

Property Details for 2719 Chamberlain Ln

Year built

1992

Lot size

0.90 AC

Property size (Sq ft)

3,252 SF

Zone code

OR-OFFICE/RESIDENTIAL

Property type

Office buildings

APN

21001403060000

APU

21001403060000

Description

This exceptional 1.1-acre property in Louisville, KY, presents a unique investment opportunity. Located at 2719 Chamberlain Ln, 40245, it boasts over 400 feet of street frontage with excellent visibility from I-65. The property includes a 5000+ square foot structure currently used for office and residential rental, offering a strong income history and immediate occupancy potential. The existing building provides versatile space suitable for office use, residential rental, or a combination of both. The OR zoning allows for various uses, and prospective buyers are responsible for verifying zoning regulations for any redevelopment plans. The asking price is $825,000. This prime location in Jefferson County offers significant potential for redevelopment or continued income generation, making it an attractive investment for discerning buyers. The property is privately owned and offers a co-op opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $580,557

  6.5%

  $535,899

  7%

  $497,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $279,932

  Geo Method

  $279,932

• Alternative Use

  Use

  Valuation

  Residential

  $664,514

  Hospitality

  $608,692

  Educational

  $506,424

  Medical

  $523,841

  Retail

  $787,771

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2885

Longitude

-85.5191

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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