3600 Springhurst BlvdLouisville, KY 40241

Property Details for 3600 Springhurst Blvd

Year built

2001

Lot size

2.15 AC

Property size (Sq ft)

19,494 SF

Zone code

C2-COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

21W00201280000

APU

21W00201280000

Description

Springhurst Crossings Shopping Center, located at 3600 Springhurst Blvd, Louisville, KY 40241, offers 64,581 square feet of prime retail space. Built in 2000 and zoned C-1 Commercial District, this multi-tenant property currently has 15,200 square feet of vacant space available, divided into five units ranging from 2,400 to 7,200 square feet each. The center enjoys an exceptional location near major retailers including Target, Meijer, Hobby Lobby, and Home Depot, and is adjacent to three hotels, ensuring high foot traffic. Its convenient access off I-265 at Westport Road further enhances its visibility and accessibility. The area boasts strong income demographics, with traffic counts exceeding 10,000 vehicles daily on Springhurst Boulevard and over 35,000 vehicles daily at the intersection of Springhurst Boulevard and Westport Road, just one-third of a mile from the property. This presents a unique opportunity for businesses seeking high-traffic exposure in a thriving retail environment. The property's strategic location and strong demographics make it an ideal investment for retailers seeking a prominent presence in the Louisville market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,668,102

  6.5%

  $4,309,017

  7%

  $4,001,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,228,670

  Geo Method

  $4,228,670

• Alternative Use

  Use

  Valuation

  Residential

  $3,634,817

  Hospitality

  $3,329,473

  Educational

  $2,770,082

  Medical

  $2,865,350

  Retail

  $4,309,017

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2996

Longitude

-85.5608

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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