1640 S Hurstbourne Pky - Hospitality FOR SALE


Louisville, KY 40220
$6,300,000 USD
502-432-2981
1640 S Hurstbourne Pky, Louisville, KY for Sale
$6,300,000 USD
Hospitality - FOR SALE
1/2
null | Request Cap Rate

1640 S Hurstbourne Pky
Louisville, KY 40220


HIGHLIGHTS

  • Strategic location along Hurstbourne Parkway, one of Louisville's primary commercial and business corridors with strong daily traffic.
  • Located within Louisville's established East End submarket, an area known for strong household income and dense residential neighborhoods.
  • Positioned near major employment hubs including the Hurstbourne office corridor, Bluegrass Industrial submarkets, and healthcare-related employers.

OVERVIEW

1640 S. Hurstbourne Parkway presents a compelling redevelopment opportunity within one of Louisville’s most established and active commercial corridors. Positioned along the highly trafficked Hurstbourne Parkway corridor near Interstate 64, the property benefits from exceptional regional connectivity and visibility in the heart of Louisville’s East End. The surrounding area has long served as a major hub for office, hospitality, retail, and restaurant activity, drawing both local consumers and business travelers from across the metropolitan area. Public records identify the site as a roughly 4.99-acre commercially zoned parcel currently operating as a hotel property, creating strong potential for repositioning into a higher-value mixed-use, hospitality, retail, or multifamily-oriented development. Recent development discussions and proposed projects throughout the broader Hurstbourne corridor further highlight continued investor interest and growth momentum in the area. New retail and mixed-use proposals along South Hurstbourne Parkway reflect ongoing expansion pressures and demand for updated commercial product types as Louisville’s East End continues evolving.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$76 USD /SF

# OF ROOMS

174

PRICE/ROOM

$36,207 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Carpet Inn Louisville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

250

LAND DETAILS

LAND ACRES

4.99 AC

LAND SF

217,364 SF

ZONING

410

APN/PARCEL ID

003801080000

ASK ABOUT THIS PROPERTY

David BadgettMarcus & MillichapMore Info
502-432-2981

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David BadgettMarcus & MillichapMore Info
502-432-2981

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