901 Main StLouisville, KY 40206

  • Other commercial real estate
  • 7,020 SF
For Lease
$25/SF/YR View listing

Property Details for 901 Main St

Year built
1900
Lot size
0.14 AC
Property size (Sq ft)
7,020 SF
Zone code
CM-COMMERCIAL MANUFACTURI
Property type
Other commercial real estate
Property subtype
Showrooms
APN
04019G00010000
APU
04019G00010000

Description

This exceptional 9,000-square-foot commercial property, situated in the vibrant NuLu/Butchertown submarket of Louisville, Kentucky, presents a unique leasing opportunity. Located at 901 E Main St, near the intersection of E Main Street and Campbell Street, this property boasts a prime location within a thriving commercial district. The building, constructed in 1899, features two stories and sits on a 0.23-acre lot. The entire 9,000 square feet is currently vacant and available for lease as a single tenant space. Ideal for a variety of uses, including retail, restaurant, or office space, this property offers significant potential for a discerning tenant. The property is zoned for Commercial Manufacturing, providing flexibility for various business operations. Its historical charm combined with its modern-day location makes this a truly unique opportunity in a rapidly developing area of Louisville. The Jefferson County location offers easy access to major transportation routes and a diverse customer base. This is a rare chance to secure a substantial space in one of Louisville's most sought-after neighborhoods. The property's size and location make it an excellent investment for businesses seeking high visibility and a strong presence in the heart of NuLu/Butchertown.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,954,586
    6.5%
    $1,804,234
    7%
    $1,675,360
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,522,790
    Geo Method
    $1,522,790
  • Alternative Use

    Use
    Valuation
    Residential
    $1,521,938
    Hospitality
    $1,394,088
    Educational
    $1,159,864
    Medical
    $1,199,754
    Retail
    $1,804,234
901 Main St, Louisville, Kentucky

Location Insight

City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.2546
Longitude
-85.7355
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
$3,427
$151,060
$104,320
$255,380
-
$151,060
$104,320
$255,380

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