1015 Bardstown Rd - Storefront Retail/Office FOR SALE


Louisville, KY 40204- Cherokee Triangle
$2,200,000 USD
502-550-9174
1015 Bardstown Rd, Louisville, KY for Sale
$2,200,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | Request Cap Rate

1015 Bardstown Rd
Louisville, KY 40204
Cherokee Triangle


OVERVIEW

• Fully Leased Mixed-Use Asset: 100% occupied with a ground-floor retail tenant and four spacious 2BR/2BA apartment units on the second floor. • Compelling Value-Add Potential: All tenants are currently paying below-market rents, presenting strong upside through rent adjustments. • Flexible Lease Structure: With all but two apartment tenants on month-to-month terms, investors have immediate opportunity to reposition and capture market rents. • Airbnb / Short-Term Rental Upside: The four apartment units offer potential for conversion to short-term rentals, creating an additional layer of income growth. • Indoor Parking & Conversion Potential: Six designated indoor parking spaces offer a desirable amenity, with the potential to convert into additional retail space for enhanced revenue • Comprehensive Financials: Rent roll and pro forma available upon execution of a Confidentiality Agreement • Prime Highlands Corridor Location: Located on Bardstown Road, Louisville’s premier high-traffic, pedestrian-friendly retail corridor, surrounded by dining, shopping, and dense residential neighborhoods. • Versatile C-2 Zoning: Flexible zoning allows for continued retail, office, or service uses, enhancing long-term adaptability.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The 1015 Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C-2

APN/PARCEL ID

075C00620000

ASK ABOUT THIS PROPERTY

Dexter OutlawTRIO Commercial Property GroupMore Info
502-550-9174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dexter OutlawTRIO Commercial Property GroupMore Info
502-550-9174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.