4511 Dixie HwyLouisville, KY 40216

Property Details for 4511 Dixie Hwy

Year built

1930

Lot size

0.23 AC

Property size (Sq ft)

2,120 SF

Zone code

C2-COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

24110900170000

APU

24110900170000

Description

This exceptional 1-acre corner lot at 4511-4515 Dixie Hwy in Louisville, Kentucky, offers 43,560 square feet of prime commercial real estate. Currently occupied by an auto dealership/service garage and a law office, this property presents a unique redevelopment opportunity. The C2 zoning allows for versatile development options, including a shopping center, medical facility, or gas station. The combined lots (4511 & 4515 Dixie Hwy) benefit from a high traffic count of 56,997 Average Daily Trips (ADT), ensuring excellent visibility and accessibility. The property's location at a key intersection provides significant advantages for businesses seeking high foot traffic and convenient access. The asking price is $1,395,000, and the property is available immediately (0 years remaining lease term). This is a blank canvas for a wide range of commercial ventures, offering significant potential for growth and return on investment. The property's size and zoning make it ideal for a variety of uses, capitalizing on the high traffic volume and strategic location in Jefferson County, KY, zip code 40216. This is a rare opportunity to acquire a substantial commercial property in a thriving area of Louisville.

• CAP approach

  CAP return

  Valuation

  6%

  $366,234

  6.5%

  $338,062

  7%

  $313,915

• Comparable approach

  Method

  Valuation

  Relative Method

  $182,490

  Geo Method

  $182,490

• Alternative Use

  Use

  Valuation

  Residential

  $419,198

  Hospitality

  $383,983

  Educational

  $319,469

  Medical

  $330,456

  Retail

  $496,952

Location Insight

City

Shively

County

Jefferson

State

Kentucky

Latitude

38.1785

Longitude

-85.818

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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