344 E Lee St - Freestanding FOR SALE


Louisville, KY 40208- Old Louisville
$1,450,000 USD
502-230-1414
344 E Lee St, Louisville, KY for Sale
$1,450,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

344 E Lee St
Louisville, KY 40208
Old Louisville


HIGHLIGHTS

  • Dense, Built-In Customer Base – Steps from the University of Louisville, surrounded by students, residents, and steady daily foot traffic that support
  • Rare On-Premise Consumption License – Allows for in-house experiences, tastings, or lounge-style concepts, creating multiple revenue streams beyond tr
  • Business + Real Estate Acquisition – Secure both the operating business and the underlying real estate, offering immediate income with long-term appre
  • Event-Driven Upside – Located minutes from Churchill Downs, Cardinal Stadium, and Old Louisville, benefiting from surges during races, games, and city
  • Operational Flexibility – Rear storage building supports expanded inventory, efficient operations, or future concept enhancements under active ownersh

OVERVIEW

Positioned in the heart of Louisville’s most active urban corridor, this well-established retail and lounge property benefits from constant energy generated by a dense surrounding population and nonstop daily traffic. Its close proximity to the University of Louisville places it within walking distance of thousands of students, faculty, and nearby multifamily housing, creating a reliable, year-round customer base. Downtown access and immediate connectivity to major routes further strengthen its visibility and convenience. The business holds a rare on-premise consumption license, allowing for an in-house lounge experience that sets it apart from typical off-premise retailers and opens the door for tastings, events, and extended customer dwell time. A dedicated backhouse provides valuable storage and operational flexibility, supporting expanded inventory or future concept enhancements. Surrounded by some of the city’s most recognized destinations—including Churchill Downs, Cardinal Stadium, and the historic streets of Old Louisville—this location thrives during events, game days, and peak tourism periods. Offered as a combined business and real estate acquisition, this is a rare opportunity to secure an income-producing asset in a supply-constrained, high-demand downtown market with long-term growth potential.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$344 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Expressway Liquors

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

EZ-1

APN/PARCEL ID

035A00990000

ASK ABOUT THIS PROPERTY

Travis Cox85W Real EstateMore Info
502-230-1414

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

Travis Cox85W Real EstateMore Info
502-230-1414

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