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.
Sold for $152,500
$152,500
541 E Ormsby Ave, Louisville, KY 40203
--beds
--baths
3,440sqft
Triplex
Built in 1906
-- sqft lot
$-- Zestimate®
$44/sqft
$1,295 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,295/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jonathan D Klunk 888-624-6448,
EXP Realty LLC
Bought with:
James Brown, 219755
RE/MAX Premier Properties
Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1660773
Facts & features
Interior
Heating
- Natural Gas
Features
- Has basement: Yes
Interior area
- Total structure area: 3,140
- Total interior livable area: 3,440 sqft
- Finished area above ground: 3,140
- Finished area below ground: 300
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Levels: Tri-Level
- Patio & porch: Patio
Lot
- Size: 3,484 Square Feet
- Dimensions: 135' x 25'
- Features: Corner Lot, Sidewalk
Details
- Additional structures: Outbuilding
- Parcel number: 023D01280000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Vinyl Siding, Wood Frame
- Roof: Shingle
Condition
- Year built: 1906
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
- Subdivision: Shelby Park
HOA
- Has HOA: No
Location
- Region: Louisville
Financial & listing details
- Price per square foot: $44/sqft
- Date on market: 5/14/2024
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2024 | Sold | $152,500-7.6%$44/sqft |
Source:  Metro Search Inc. LLC DBA Apex MLS #1660773 Report a problem | ||
| 10/5/2024 | Pending sale | $165,000$48/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1660773 Report a problem | ||
| 9/23/2024 | Contingent | $165,000$48/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1660773 Report a problem | ||
| 9/4/2024 | Price change | $165,000-10.8%$48/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1660773 Report a problem | ||
| 8/5/2024 | Price change | $185,000-2.6%$54/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1660773 Report a problem | ||
| 7/22/2024 | Price change | $190,000-2.6%$55/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1660773 Report a problem | ||
| 7/1/2024 | Price change | $195,000-9.3%$57/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1660773 Report a problem | ||
| 5/14/2024 | Listed for sale | $215,000+207.1%$63/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1660773 Report a problem | ||
| 1/3/2020 | Sold | $70,000-17.6%$20/sqft |
Source: Metro Search Inc. LLC DBA Apex MLS #1546164 Report a problem | ||
| 10/30/2019 | Pending sale | $84,900$25/sqft |
Source: Schuler Bauer Real Estate ERA Powered #1546164 Report a problem | ||
| 10/21/2019 | Listed for sale | $84,900$25/sqft |
Source: Schuler Bauer Real Estate Services ERA Powered #1546164 Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Neighborhood: Shelby Park
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Nearby schools
GreatSchools rating
- 9/10Engelhard Elementary SchoolGrades: K-5Distance: 0.7 mi
- 5/10Meyzeek Middle SchoolGrades: 6-8Distance: 0.7 mi
- 8/10Atherton High SchoolGrades: 9-12Distance: 3.4 mi
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- Kentucky
- Jefferson County
- Louisville
- 40203
- Shelby Park
- 541 E Ormsby Ave
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