2232 Frankfort AveLouisville, KY 40206
- Retail properties
- 2,697 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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