www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27370239
27370241

1151 S 4th St, Louisville, KY 40203

BP
KY KY 194084
PDG Realty
Listed by PDG Realty
$795,000
242 days on market
Updated 8 days ago
Opportunity zone

Mixed Use / Retail / Medical Office / Executive Suites

Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 9,378
Cap Rate 6.00%
Occupancy 35%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $55,940
Broker Co-Op Yes
Class B
Year Built 1968
Year Renovated 2008
Buildings 1
Stories 2
Zoning TNZD
Investment Type Value Add

Operating Executive Suites Business and Medical Office on 1st floor.

Marketing description

PRICE REDUCTION TO $825,000 - $88 per SF for High End Finishes

A fully renovated two‑story commercial building offering turnkey space for healthcare, office, or service‑based users. The first floor was finished in 2018 for an urgent care center and remains equipped with much of the original furniture and medical infrastructure, making it ideal for another healthcare operator. The space is now available for lease at $4,500 per month.

The second floor operates as an executive suites business and generates $5,600/month in gross rents at full occupancy. Tenants are on short‑term leases, offering flexibility for an investor or owner‑occupant.

Originally gutted and rebuilt by The Weber Group in 2008, the building features high‑quality finishes throughout, full ADA compliance, an elevator with front and rear foyer access, and 17 off‑street parking spaces. Major capital improvements include a new roof and HVAC unit installed in 2025.

This property is well‑suited for healthcare, creative office, adult or child daycare, social services, or a wide range of professional uses. The building is also available for sale.

Investment highlights

The 1st floor space was finished for an urgent care center in 2018. The urgent care center closed and the space is available to lease for $4,500 per month.

The 2nd floor is operated as an executive suites business and generates $5,600 in gross rents per month when fully rented.

The building was gutted and rehabbed in 2008 for a non-profit that owned and occupied the building until 2018. Much of the urgent care center’s furniture and equipment is in place and could be utilized for a new healthcare operator.

Listing Contacts

BP
KY KY 194084
PDG Realty
Listed by PDG Realty

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Brian Puryear
License
KY 194084
Brokerage
PDG Realty
Brokerage Phone
502-896-1900
Title
Principal Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591