An exceptional development opportunity in the heart of Shelby Park. This corner commercial unit, with C2 zoning, is strategically located 3 blocks from Shelby Street, surrounded by a thriving residential community. The property's prime location offers an unparalleled opportunity for investors and developers. This property presents a unique canvas with variances already secured for the demolition and reconstruction of an accessory rear unit and a front exterior awning. Priced competitively, this property offers diverse potential uses, including residential units, short-term rentals (Airbnb), and/or commercial uses. Its adaptable layout and zoning designation provide a rare chance to capitalize on the burgeoning demand for mixed-use spaces in this sought-after neighborhood.
Property Details
Property Features
Property Information:
Architectural Style: Tri-Level
Year Built: 1906
Living Area: 3,140 SqFt
Listing Office:
Office Name: EXP Realty LLC
Exterior Features
Exterior Information:
Exterior: Patio, Out Buildings
Parking Information:
Garage Space: 1 space
Lot Features
Lot Information:
Lot: Corner Lot, Sidewalk
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Natural Gas
School Info
Assigned Schools Information:
Brown School, Public District Grades KG-12
Atherton High School, Public District Grades 9-12
Meyzeek Middle School, Public Magnet Grades 6-8
Western Middle School, Public District Grades 6-8
Engelhard Elementary School, Public District Grades PK-5
Lincoln Elementary Performing Arts, Public District Grades KG-5
Other
Directions Information:
Directions: Jackson St to E Ormsby
Price Information
Listing Price Info
Price Summary:
List Price: $215,000
Price Per SqFt: $68/SqFt
Tax Information:
Annual Amount: $1,116
Tax Year: 2020
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
1
/10
Engelhard Elementary School
1004 S 1st St
Distance between this listing and this school0.70 miles
Public District Grades PK-5
4
/10
Lincoln Elementary Performing Arts
930 E Main St
Distance between this listing and this school1.69 miles
Public District Grades KG-5
Middle School
5
/10
Meyzeek Middle School
828 S Jackson St
Distance between this listing and this school0.72 miles
Public Magnet Grades 6-8
3
/10
Western Middle School
2201 W Main St
Distance between this listing and this school3.03 miles
Public District Grades 6-8
High School
10
/10
Brown School
546 S 1st St
Distance between this listing and this school1.36 miles
Public District Grades KG-12
9
/10
Atherton High School
3000 Dundee Rd
Distance between this listing and this school3.35 miles
Public District Grades 9-12
Assigned Schools
1
/10
Engelhard Elementary School
1004 S 1st St
Distance between this listing and this school0.70 miles
Public District Grades PK-5
4
/10
Lincoln Elementary Performing Arts
930 E Main St
Distance between this listing and this school1.69 miles
Public District Grades KG-5
Nearby Schools
1
/10
Shelby Traditional Academy
735 Ziegler St
Distance between this listing and this school0.52 miles
Public District Grades PK-5
Assigned Schools
5
/10
Meyzeek Middle School
828 S Jackson St
Distance between this listing and this school0.72 miles
Public Magnet Grades 6-8
3
/10
Western Middle School
2201 W Main St
Distance between this listing and this school3.03 miles
Public District Grades 6-8
Nearby Schools
6
/10
Noe Middle School
121 W Lee St
Distance between this listing and this school0.80 miles
Public District Grades 6-8
Assigned Schools
10
/10
Brown School
546 S 1st St
Distance between this listing and this school1.36 miles
Public District Grades KG-12
9
/10
Atherton High School
3000 Dundee Rd
Distance between this listing and this school3.35 miles
Public District Grades 9-12
Nearby Schools
1
/10
Jefferson County High School
900 S Floyd St
Distance between this listing and this school0.69 miles
The neighbors living near this home have an average income of $36,092. The majority of Louisville, KY residents have income between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 541 E Ormsby Ave in Louisville, KY and zip code 40203 in the Shelby Park neighborhood. This 3,140 square foot home, which was built in 1906, sits on a 0.08 acre lot. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $215,000.
Louisville, KY housing market in April 2024 saw over 237 listings sold above listed price, more than 199 sold at listed price and over 318 sold below. The number of homes for sale in Louisville, KY increased by 3.6% between March 2024 and April 2024. The median list price of listings available in April 2024 was $245,988, while the average time on the real estate market was 18 days.
From Rocket Homes Real Estate and based on county public records data.