8129 Preston Highway

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8129 Preston Highway

Louisville, KY 40219
Asking Price
$2.32M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel available for acquisition at 8129 Preston Highway
  • Strategically situated corner location within a major Louisville commercial corridor
  • Asking price for the development site is set at 2,323,135 dollars
  • Suitable location for diverse retail or office development projects
  • Proximity to established regional infrastructure supports commercial site utility

What's Special

This commercial land parcel sits at 8129 Preston Highway in Louisville, Kentucky. Positioned at a corner, the site provides visibility for prospective retail, office, or service-based developments within this established corridor of the Louisville metro area. The property benefits from the surrounding infrastructure and established commercial density that defines this part of the city, which serves as a major hub for commerce and logistical activity in the region. Investors and developers often favor this submarket for its proximity to residential population centers and major arterial roads, facilitating steady access for customers and employees alike. Given the configuration, the lot remains well-suited for a variety of build-to-suit projects intended to capitalize on the high level of local commercial traffic. Future occupants stand to benefit from the ongoing economic development characteristic of the Louisville market.

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NOI
$80,000
Cap Rate
3.44%
DSCR
0.58
Underwater
Cash-on-Cash
-8.31%
Monthly Payment
$11,493.604
Annual Cash Flow
$-57,923.253

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