4605 Outer LoopLouisville, KY 40219

Property Details for 4605 Outer Loop

Year built

1988

Lot size

6.09 AC

Property size (Sq ft)

35,404 SF

Zone code

C2-COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

23216200030000

APU

23216200030000

Description

This exceptional retail space, totaling 2,494 square feet, is situated within the thriving Festival at Jefferson Court power center in Louisville, Kentucky. Located at 4605 Outer Loop, in the 40219 zip code, this property offers immediate occupancy for a restaurant or other retail business. The space is currently vacant and presents a unique opportunity to establish a presence in a high-traffic area. The center boasts a strong tenant mix, including national brands such as Kroger, TJ Maxx, PetSmart, and Party City, ensuring high visibility and foot traffic. This prime location benefits from its proximity to Jefferson Mall, drawing customers from a large residential community in the southern Louisville trade area. The property is classified as a restaurant and power center, offering ample space for a variety of retail concepts. The building is located in Jefferson County, Kentucky, and offers excellent access and visibility from Outer Loop. This is an ideal opportunity for businesses seeking a high-profile location with established customer traffic and strong neighboring tenants. The space's size is perfect for a variety of uses, making it a versatile option for prospective tenants. The property's location within a well-established power center provides a built-in customer base and a strong sense of community.

• CAP approach

  CAP return

  Valuation

  6%

  $7,237,308

  6.5%

  $6,680,592

  7%

  $6,203,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,679,892

  Geo Method

  $7,679,892

• Alternative Use

  Use

  Valuation

  Residential

  $5,635,328

  Hospitality

  $5,161,931

  Educational

  $4,294,666

  Medical

  $4,442,366

  Retail

  $6,680,592

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.1392

Longitude

-85.6759

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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