2612 Chestnut StLouisville, KY 40211

Property Details for 2612 Chestnut St

Year built

1875

Lot size

0.95 AC

Property size (Sq ft)

21,219 SF

Zone code

M2-INDUSTRIAL

Property type

Auto shops

APN

02001B01510000

APU

02001B01510000

Description

This exceptional Louisville, KY industrial property presents a unique investment opportunity. Located at 2612 W Chestnut St, 40211, this expansive complex encompasses over 58,000 square feet across four separate buildings situated on a 1.802-acre lot. The main building offers 23,304 square feet of space, complemented by a 1,484 square foot office building and two warehouses totaling 34,023 square feet (21,959 SF and 12,064 SF respectively). The property's zoning is a blend of M2 and R6, with potential for rezoning based on prior and current usage. Constructed of durable brick, the buildings boast a solid infrastructure and ample parking. Previously utilized as a paint and metal shop, this versatile property is well-suited for a variety of industrial applications. The existing business operations could potentially be included in the sale, offering a turnkey opportunity. This substantial property offers significant potential for diverse uses and substantial returns. The asking price is $925,000. This is a rare chance to acquire a large-scale industrial property in a prime Louisville location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,847,666

  6.5%

  $3,551,692

  7%

  $3,298,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,602,860

  Geo Method

  $4,602,860

• Alternative Use

  Use

  Valuation

  Residential

  $2,995,985

  Hospitality

  $2,744,306

  Educational

  $2,283,230

  Medical

  $2,361,754

  Retail

  $3,551,692

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2525

Longitude

-85.7955

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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