11800 Interchange DrLouisville, KY 40229

  • Land
  • 0.97 AC
For Sale
$575,000 View listing

Property Details for 11800 Interchange Dr

Lot size
0.97 AC
Zone code
C2-COMMERCIAL
Property type
Land
Property subtype
Commercial land
APN
233514006B0000
APU
233514006B0000

Description

This exceptional 0.96-acre site, zoned C-1, offers 10,000 square feet of available retail space, divisible to 1,500 square feet. Located on Preston Highway, this property boasts unparalleled visibility to over 40,000 vehicles daily, situated adjacent to Chili's and in front of the 240-acre Commerce Crossing business park. The site benefits from its proximity to a 312-unit Class-A apartment complex and the proposed 14,000 square foot Apex Center. The surrounding area is thriving, anchored by major retailers including Kroger, Walmart, Kohl's, and Lowe's, along with numerous national and regional chains. This high-traffic location shows a 1.58% annual population growth rate within a one-mile radius, presenting significant growth potential. The owner is open to various options, including sale, ground lease, build-to-suit, or development of a retail center, making this a highly flexible and attractive investment opportunity. The property is a single-story building, part of a neighborhood/strip center, and offers easy access to Interstates 265 and 65. The base monthly rent is estimated between $20,833 and $21,666. This is an ideal location for retail, medical, or office development.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,294,571
    Hospitality
    $6,681,788
    Educational
    $5,559,169
    Medical
    $5,750,358
    Retail
    $8,647,596
11800 Interchange Dr, Louisville, Kentucky

Location Insight

City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.0951
Longitude
-85.6713
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
$7,390
$632,690
-
$632,690
-
$632,690
-
$632,690

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