1381 Bardstown Rd - Storefront Retail/Residential FOR SALE


Louisville, KY 40204- Cherokee Triangle
$1,450,000 USD
502-897-3310
1381 Bardstown Rd, Louisville, KY for Sale
$1,450,000 USD
Storefront Retail/Residential - FOR SALE
1/69
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NEW


1381 Bardstown Rd
Louisville, KY 40204
Cherokee Triangle


OVERVIEW

This rare offering of an exceptional mixed-use property along Bardstown Road is now available For Sale. Impellizzeri's Pizza is a long-standing tenant occupying the entire first floor along with some lower level storage. They have over 4 years remaining within their 7 year lease term. The lease expires on 9/21/2029. They currently pay $6,500/month, $78,000/year. The tenant is responsible for 67% of the total operating expenses which currently calculates to $30,275.28 per year in additional rent. In 2 years, the base rent is scheduled to bump 10% to $85,800/year. In 4 years, should Tenant exercise their right to renew, the rent will increase to $94,380/year and remain fixed for the following 5 years. There are two (2) two-bed, one-bath apartment units on the 2nd floor. Unit 1 pays $1,350 per month. Unit 2 pays $1,100 per month. Each are on central HVAC. Unit 1 received a brand unit HVAC unit in 2024. Unit 2 is climate controlled with two ductless mini split units that are well maintained. The property does have a small but hard to find designated parking lot on the backside.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

CROSS STREETS

Edgeland Ave

LAND ACRES

0.14 AC

LAND SF

5,985 SF

ZONING

C2

APN/PARCEL ID

075F00010000

ASK ABOUT THIS PROPERTY

Woodford Hoagland CCIMHoagland Commercial RealtorsMore Info
502-897-3310

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Woodford Hoagland CCIMHoagland Commercial RealtorsMore Info
502-897-3310

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