1041 Zorn AveLouisville, KY 40207

Property Details for 1041 Zorn Ave

Year built

1974

Lot size

4.44 AC

Property size (Sq ft)

20,987 SF

Zone code

C2-COMMERCIAL

Property type

Hospitality properties

Property subtype

Hotels

APN

14088K00880000

APU

14088K00880000

Description

This exceptional Class A property at 1041 Zorn Ave, Louisville, KY 40207, offers 49,456 square feet of versatile space, ideal for a variety of uses including executive offices, retail, and restaurants. The single-tenant building, constructed in 1974, boasts a two-story design situated on a 4.36-acre lot. Its C2 zoning allows for diverse commercial applications. Currently, the entire 49,456 square feet is vacant, presenting a unique opportunity for a single occupant to establish a significant presence. The building's prime location at the corner of River Road and Zorn Avenue places it within a vibrant, upcoming development. This open-air streetscape environment is designed to attract a diverse clientele, benefiting from its proximity to the I-71 corridor and River Road, ensuring easy access for the greater Louisville Metropolitan area and surrounding communities. The property's visibility is further enhanced by its location directly across from a prominent water tower and minutes from Downtown and the Stadium District. This is a rare chance to secure a substantial, high-quality space in a rapidly developing area, poised for significant growth and high visibility. The property is slated for completion in 2026. This development will offer a new urban lifestyle experience.

• CAP approach

  CAP return

  Valuation

  6%

  $4,515,079

  6.5%

  $4,167,766

  7%

  $3,870,068

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,245,418

  Geo Method

  $4,245,418

• Alternative Use

  Use

  Valuation

  Residential

  $4,549,989

  Hospitality

  $4,167,766

  Educational

  $3,467,532

  Medical

  $3,586,786

  Retail

  $5,393,938

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2774

Longitude

-85.6976

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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