

501 Baxter Ave
Office | 6.41% CAP | 9,840 SqFt
Marketing description
501 Baxter Avenue is conveniently located on Baxter Avenue in the Highlands neighborhood directly across the street from Gravely. This modern building was built in 2006 and the interior has been recently updated over the past 2/3 years. Currently 100% occuped consiting of 4 tenants. This property is currently used as office space but the first floor could be converted to retail space down the road. There is also off street parking located in the rear of the building with 19 parking spaces. Income and expenses are estimated based on the current rent roll, 2024 expenses and 6 months of expenses in 2025. Listing agent is an owner in the property.
Constructed in 2006, this modern building is 86% occupied by 3 long-term tenants, offering immediate income potential and value-add opportunities with the vacant Suite #100. Conveniently located on Baxter Avenue, it features off-street parking and prime visibility in one of Louisville's most sought-after areas.
Investment highlights
Suite #100: 1,167 sq. ft. Occupied–Cholowa Productions, lease expires 6/30/27
Suite #125: 2,713 sq. ft. Occupied–Turtle Tree Acupuncture, lease expires 11/30/31
Suite #200: 2,563 sq. ft. Occupied–Embroiderers Guild of America, lease expires 10/31/29
Suite #201: 2,107 sq. ft. Occupied–JQOL Global, lease expires 10/31/28
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