943 Madison StLouisville, KY 40204

Property Details for 943 Madison St

Lot size

0.05 AC

Zone code

OR2-OFFICE/RESIDENTIAL

Property type

Land

Property subtype

Commercial land

APN

04016E01690000

APU

04016E01690000

Description

This exceptional Louisville, KY property at 943 E Madison St (APN 016E01690000) presents a unique mixed-use investment opportunity. The offering encompasses a fully developed historic building and an adjacent vacant lot, totaling 3,780 square feet. The existing building features three residential units – two one-bedroom/one-bathroom units and one studio – along with a large, remodeled commercial unit complete with a fully usable basement. All systems have been recently renovated. The property is zoned OR-2 (Office/Residential District), allowing for flexibility and potential rezoning. The asking price is $849,500 ($251.32/sq ft). The vacant lot offers significant development potential. The property can be delivered vacant, providing immediate occupancy or redevelopment options. This NNN-leased property is ideal for owner-users seeking a blend of residential and commercial income streams in a vibrant Louisville location. The property is located in Jefferson County, KY, zip code 40204.

• Alternative Use

  Use

  Valuation

  Residential

  $388,312

  Hospitality

  $355,691

  Educational

  $295,931

  Medical

  $306,108

  Retail

  $460,337

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2478

Longitude

-85.7351

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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