2232 Frankfort AveLouisville, KY 40206

Property Details for 2232 Frankfort Ave

Year built

1890

Lot size

0.14 AC

Property size (Sq ft)

2,697 SF

Zone code

C2-COMMERCIAL

Property type

Retail space

APN

05070F00710000

APU

05070F00710000

Description

This 2,697 square foot storefront at 2232 Frankfort Avenue in Louisville, Kentucky, is offered for sale at $1,050,000 ($389.32/sq ft). Built in 1890 and renovated in 2011, this single-story building sits on a 0.14-acre lot and is zoned C-2, offering versatile commercial use. The property includes eight on-site parking spaces, a significant advantage in this high-traffic area. Previously used as a bar/restaurant and currently a general retail store, the open floor plan allows for adaptable layouts to suit various business needs. Its prime location on Frankfort Avenue provides excellent access to I-64 and downtown Louisville, and is surrounded by popular establishments including Bourbons Bistro, Volare Italian Restaurant, Varanese, The Irish Rover, Heine Brothers' Coffee, and Gelato Gilberto. This presents an exceptional investment opportunity for businesses or investors seeking a well-situated property in a thriving Louisville neighborhood. The property's history and current configuration make it ideal for redevelopment or repurposing.

• CAP approach

  CAP return

  Valuation

  6%

  $750,929

  6.5%

  $693,165

  7%

  $643,653

• Comparable approach

  Method

  Valuation

  Relative Method

  $585,038

  Geo Method

  $585,038

• Alternative Use

  Use

  Valuation

  Residential

  $584,711

  Hospitality

  $535,592

  Educational

  $445,606

  Medical

  $460,931

  Retail

  $693,165

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2532

Longitude

-85.7045

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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