1033 Zorn AveLouisville, KY 40207

Property Details for 1033 Zorn Ave

Lot size

1.36 AC

Zone code

C2-COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

14088K00900000

APU

14088K00900000

Description

This exceptional 1.33-acre commercial land parcel presents a unique investment opportunity in Louisville, Kentucky. Strategically located at the high-traffic corner of I-71 (90,000 Average Daily Traffic) and Zorn Ave (13,000 ADT), this property boasts unparalleled visibility and accessibility. Currently zoned C2, it has already received approval for a 143-room hotel development, significantly reducing pre-construction hurdles. The site includes a valuable sign pole offering prominent interstate visibility, maximizing marketing potential. Further enhancing its appeal is a tourism sales tax exemption for construction materials, resulting in substantial cost savings for developers. Situated just 8 minutes from downtown Louisville, this location benefits from proximity to the city's vibrant core while maintaining easy access to major transportation arteries. The property's Jefferson County APN is 088K00900000. The asking price is $2,495,000, translating to $1,875,939 per acre. This is a rare chance to acquire a prime commercial site with pre-approved development plans and significant cost-saving incentives. Don't miss this opportunity to capitalize on Louisville's thriving economy and prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $11,179,672

  6.5%

  $10,319,697

  7%

  $9,582,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,080,786

  Geo Method

  $5,080,786

• Alternative Use

  Use

  Valuation

  Residential

  $12,796,424

  Hospitality

  $11,721,456

  Educational

  $9,752,113

  Medical

  $10,087,504

  Retail

  $15,169,954

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2763

Longitude

-85.6969

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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