7215 Riverport Plaza DrLouisville, KY 40258

Property Details for 7215 Riverport Plaza Dr

Year built

2002

Lot size

1.34 AC

Property size (Sq ft)

5,202 SF

Zone code

PEC-PLANNED EMPLOYMENT CE

Property type

Office buildings

APN

25230700700000

APU

25230700700000

Description

This exceptional 5,202 square foot restaurant opportunity in Louisville, Kentucky, is offered at $1,195,000. Located at 7215 Riverport Plaza Dr, this single-story, 2002-built building sits on a 1.79-acre lot (APN 230700700000) and boasts a prime location with high visibility and easy access from major roads and highways. The property benefits from ample on-site parking, ideal for both customers and staff. Previously a bank, the building features robust construction and a spacious lobby area, perfect for retail or customer service operations. Additional interior space includes private offices, conference rooms, and meeting spaces, offering versatility for various restaurant concepts. The property is zoned PEC (Planned Employment Center), allowing for a mix of industrial, office, and commercial uses. This zoning designation fosters a dynamic business environment, supporting growth and innovation. The asking price is $1,195,000, with a price per square foot of $248.94. This is a rare opportunity to acquire a well-located, adaptable commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $820,134

  6.5%

  $757,047

  7%

  $702,972

• Comparable approach

  Method

  Valuation

  Relative Method

  $447,788

  Geo Method

  $447,788

• Alternative Use

  Use

  Valuation

  Residential

  $938,738

  Hospitality

  $859,879

  Educational

  $715,409

  Medical

  $740,013

  Retail

  $1,112,859

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.1476

Longitude

-85.887

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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