2400 Main StLouisville, KY 40212

Property Details for 2400 Main St

Year built

1898

Lot size

0.30 AC

Property size (Sq ft)

34,155 SF

Zone code

M2-INDUSTRIAL

Property type

Other commercial real estate

Property subtype

Showrooms

APN

02003K01900000

APU

02003K01900000

Description

This exceptional 140,000-square-foot warehouse, situated at 2400 West Main Street in Louisville, Kentucky, presents a compelling investment opportunity. Originally constructed in 1898 as a tobacco processing facility, this single-tenant property boasts a rich history and currently houses a diverse mix of tenants. The property includes both 2400 and 2418 West Main Street, encompassing a total of 140,000 square feet across multiple buildings. The warehouse features a convenient main street drive-in loading bay, three overhead door openings, and two freight elevators (one currently operational). High ceilings, ranging from 12 to 14 feet, and a column spacing of 14' x 22'6", provide ample space for various uses. The property is equipped with a sprinkler system and benefits from heat in the first-floor offices. Its strategic location offers easy access to downtown Louisville (five minutes), I-64 (three minutes), and SDF Airport (16 minutes). The property sits on a 0.1-acre lot and is zoned C1, offering flexibility for a variety of commercial uses. The asking price is $1,960,000, translating to $14 per square foot. This is a rare chance to acquire a substantial warehouse in a thriving Kentucky location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,193,366

  6.5%

  $5,716,954

  7%

  $5,308,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,408,957

  Geo Method

  $7,408,957

• Alternative Use

  Use

  Valuation

  Residential

  $4,822,464

  Hospitality

  $4,417,351

  Educational

  $3,675,184

  Medical

  $3,801,580

  Retail

  $5,716,954

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2599

Longitude

-85.7899

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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