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30102690

1578 Bardstown Rd, Louisville, KY 40205

DM
KY Kentucky 276420
Colliers
JJ
KY KY 246944
Colliers
Colliers
Listed by Colliers
$1,300,000
90 days on market
Updated 29 days ago

1578 Bardstown Rd

Details
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 2,405
Units 1
Cap Rate 6%
NOI $78,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 5
Price per SqFt $541
Year Built 1997
Buildings 1
Stories 1
Investment Type Stabilized

Retail | 6.00% CAP | 2,405 SqFt

Marketing description

Prime Retail Investment Opportunity |

Secure a high-visibility asset in the heart of the Highlands, Louisville’s premier "Restaurant Row" and most established retail corridor. This 2,405 SF property offers an immediate, stabilized income stream with a 5-year NNN lease already in place, making it a turnkey addition for any income-focused portfolio.

The building is fully optimized for modern food and beverage operations, featuring high-end finishes and an versatile layout that includes indoor/outdoor functionality via a roll-up glass door. Its location along Bardstown Road ensures constant pedestrian traffic and unmatched visibility in a district known for its long-term market desirability and dense consumer activity.

Investment Highlights

  • Stabilized Income: 5-year lease term with an existing tenant provides near-term cash flow security.

  • Passive Ownership: NNN lease structure significantly reduces landlord maintenance and expense responsibilities.

  • Prime Location: Situated in a high-barrier-to-entry trade area with strong demographics and consistent foot traffic.

  • Turn-Key Restaurant Buildout: Modern interior finishes and existing restaurant infrastructure (restaurant/lounge use) minimize future capital requirements.

  • Premium Amenities: Features a rear patio/deck and roll-up glass doors to maximize revenue potential through seasonal outdoor seating.

  • Market Resilience: Located within the Bardstown Road/Baxter Avenue Overlay District, ensuring long-term aesthetic and commercial standards for the neighborhood.

Property Specifications

  • Zoning: Positioned within the Bardstown Road/Baxter Avenue Corridor Review Overlay, supporting high-density commercial use.

  • Functionality: Flexible layout adaptable for diverse food, beverage, or boutique retail concepts.

  • Accessibility: High-visibility frontage on a corridor serving over 20,000+ vehicles per day in nearby segments.


Listing Contacts

DM
KY Kentucky 276420
Colliers
JJ
KY KY 246944
Colliers
Colliers
Listed by Colliers

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,000.00
$6,500.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Desmond Martin
License
Kentucky 276420
Brokerage
PRG Commercial Property Advisors
Brokerage Phone
502-553-3296
Brokerage Address
1757 Frankfort Avenue
Name
Jenny Johnston
License
KY 246944
Brokerage Phone
5026451729
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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