330 E Oak St - Office FOR SALE


Louisville, KY 40203- Shelby Park
$550,000 USD
502-817-6484
330 E Oak St, Louisville, KY for Sale
$550,000 USD
Office - FOR SALE
1/24
null | 7.64% Cap Rate

330 E Oak St
Louisville, KY 40203
Shelby Park


HIGHLIGHTS

  • 5 Year Lease in place. 1st year $3,000 monthly. 2nd-5th year $4,000 monthly. Tenant pays taxes and Insurance. Billboard Signage income $500 month

OVERVIEW

Now rezoned with C-2 zoning, the strongest business use is usually a neighborhood-scale commercial use that can survive on low foot traffic and low neighborhood spending power. Louisville’s C-2 district allows all C-1 uses plus additional commercial and light commercial-type uses, so the best fit is typically a practical service. The building is currently divided evenly, but can be made into a full 5,195 Sqft commercial building built in 1973 on a 7,174 Sqft lot and located in the Shelby Park neighborhood in Louisville. It was fully renovated into a white box condition in 2025. Current features are: parking lot, 4 restrooms, reception, several offices, kitchenette, conference room and large open area. A warehouse door or drive-thru/ walk up window would be allowable. The front of the billboard is included in the sale and brings in $6,000/year for the next 13 years ($78,000). Best-fit uses -Convenience-oriented retail or service: neighborhood market, phone repair, laundromat, barber/beauty, check-cashing, or similar needs-based use. -Auto-oriented or light commercial uses as the lot, access, and parking support it. -Contractor or service company office with a small pickup/drop-off component -Small restaurant or quick-service carryout or drive thru Public-facing government or quasi-government offices could benefit from being in this area. Best agency types: -Housing assistance or housing counseling offices, including rental assistance intake or public housing-related services. -Community development or neighborhood stabilization offices that handle vacant properties, blight, and rehab programs. -Social service intake sites for benefits, family support, or emergency assistance. -Code enforcement, property maintenance, or nuisance-abatement field offices. -Reentry, workforce, or case-management satellite offices that need to be close to underserved residents. -Programs tied to housing, public assistance, neighborhood stabilization, code enforcement, reentry support, satellite service center

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

7.64%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Medical

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C2

APN/PARCEL ID

032C01760000

ASK ABOUT THIS PROPERTY

Stephanie GilezaneXp Realty, LLCMore Info
502-817-6484

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Stephanie GilezaneXp Realty, LLCMore Info
502-817-6484

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