2232 Frankfort AveLouisville, KY 40206

  • Retail properties
  • 2,697 SF
For Sale
$1,050,000 View listing

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
2232 Frankfort Ave, Louisville, Kentucky

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,771
$120,580
$309,420
$430,000
-
$120,580
$309,420
$430,000

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