9491 Westport RdLouisville, KY 40241

Property Details for 9491 Westport Rd

Year built

1979

Lot size

0.55 AC

Property size (Sq ft)

3,224 SF

Zone code

C1-COMMERCIAL

Property type

Office buildings

APN

21168300090000

APU

21168300090000

Description

This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Louisville, Kentucky. Located at 9491 Westport Road, in Jefferson County, zip code 40241, this single-tenant property offers a ground lease or build-to-suit option. The site boasts an enviable location within a Kroger-anchored shopping center, ensuring high traffic and visibility. Four available outparcels provide additional development potential. The property benefits from a signalized entrance, guaranteeing excellent access and visibility for any business. Its C1 zoning allows for a variety of commercial uses. The property's precise coordinates are latitude 38.28694990665382 and longitude -85.57502988536267. This prime location offers significant advantages for businesses seeking high exposure and convenient access for customers. The opportunity to lease the land or develop a build-to-suit project provides flexibility for various business models. The presence of a major anchor tenant further enhances the property's appeal and potential for success. This is an ideal location for businesses seeking high visibility and accessibility in a thriving commercial area. Consider the potential for significant return on investment in this strategically located property.

• CAP approach

  CAP return

  Valuation

  6%

  $575,558

  6.5%

  $531,285

  7%

  $493,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $277,522

  Geo Method

  $277,522

• Alternative Use

  Use

  Valuation

  Residential

  $658,793

  Hospitality

  $603,451

  Educational

  $502,064

  Medical

  $519,331

  Retail

  $780,988

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2871

Longitude

-85.5748

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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