1450 Gardiner LnLouisville, KY 40213

Property Details for 1450 Gardiner Ln

Year built

1996

Lot size

0.73 AC

Property size (Sq ft)

3,610 SF

Zone code

C2-COMMERCIAL

Property type

Office buildings

APN

23060802320000

APU

23060802320000

Description

This exceptional office property, located in the desirable Watterson Park submarket at the intersection of Newburg Rd and the Watterson Expressway, offers three available suites within a larger two-building complex. The property consists of 2,400 total square feet, divided into four suites across two stories, and is classified as a Class B building constructed in 1996. Each suite is a traditional office layout, offering ample space for various business needs. Three suites are currently available for lease, each featuring approximately 500 square feet. The suites boast a functional design, including two spacious rooms and a private bathroom in each, ensuring both convenience and privacy. The property is zoned C2 and provides off-street parking for tenants and visitors. Abundant natural light enhances the workspace, creating a productive and inviting atmosphere. Utilities are shared, with the owner covering gas and water costs, while tenants are responsible for electricity. This prime location offers easy access to major roadways and nearby amenities, making it an ideal choice for businesses seeking a comfortable and efficient workspace. The property's multiple suite configuration provides flexibility for businesses of various sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $552,156

  6.5%

  $509,683

  7%

  $473,277

• Comparable approach

  Method

  Valuation

  Relative Method

  $310,749

  Geo Method

  $310,749

• Alternative Use

  Use

  Valuation

  Residential

  $632,006

  Hospitality

  $578,914

  Educational

  $481,650

  Medical

  $498,215

  Retail

  $749,233

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.1985

Longitude

-85.6927

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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