2421 Market StLouisville, KY 40212

Property Details for 2421 Market St

Year built

1939

Lot size

0.62 AC

Property size (Sq ft)

11,052 SF

Zone code

C1-COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

02003K00510000

APU

02003K00510000

Description

This freestanding, 11,172-square-foot retail building located at 2421 W Market St, Louisville, KY 40212, is available for sublease until February 28, 2027, on a gross lease basis. The property, built in 1992 and zoned C-1, is situated in Jefferson County and offers a single-tenant occupancy. The building's layout is typical of a Family Dollar store, featuring a spacious retail area ideal for high-volume sales. In addition to the main retail space, the property includes a sizable warehouse area, providing ample storage capacity. Convenient amenities for both staff and customers include a manager's office, two restrooms, a water fountain, and a janitor's closet. This well-maintained property presents a fantastic opportunity for a retailer seeking a turnkey solution in a high-traffic area. The property's size and layout are well-suited for a variety of retail uses, making it an attractive option for businesses looking to establish or expand their presence in the Louisville market. The sublease provides a defined timeframe, offering both stability and flexibility for prospective tenants. Interested parties should inquire promptly to secure this exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,004,072

  6.5%

  $1,849,913

  7%

  $1,717,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,397,418

  Geo Method

  $2,397,418

• Alternative Use

  Use

  Valuation

  Residential

  $1,560,471

  Hospitality

  $1,429,383

  Educational

  $1,189,230

  Medical

  $1,230,129

  Retail

  $1,849,913

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2595

Longitude

-85.791

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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