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32776867
33166392

1640 S HURSTBOURNE PKWY, LOUISVILLE, KY 40220-1693

DB
KY 215224
Marcus & Millichap - Louisville
RS
KY 305885
Listed by Marcus & Millichap - Louisville
$6,300,000
13 days on market
Updated 8 days ago

REDEVELOPMENT OPPORTUNITY - Red Carpet Inn - Louisville

Details
APN 003801080000
Property Type Hospitality
Keys 174
NOI $1
Pro-Forma NOI $1
Stories 2
Acreage 4.990
Zoning C-1
Parking Spaces spaces
Investment Type Redevelopment

Phenomenal Location | Just off one of Louisville's highest traffic roads

Marketing description

1640 S. Hurstbourne Parkway sits at the heart of Louisville's premier eastern commercial corridor — one of the most established and high-performing trade areas in the metro. The property benefits from exceptional visibility and strong daily traffic counts along Hurstbourne Parkway, with direct access to I-64, I-264, and Shelbyville Road, placing it within minutes of the entire Louisville MSA.

The surrounding corridor is a dense concentration of national retail, hospitality, medical, and professional office uses, generating consistent daytime population and consumer traffic throughout the week. Major anchors, restaurants, and service businesses line the corridor, supported by some of Louisville's most affluent residential communities directly behind the commercial strip — a demand profile that sustains occupancy and lease rates across asset classes.

For investors and developers, this 4.99-acre site represents a rare large-format opportunity in a corridor where available land is scarce, redevelopment comps are strong, and market fundamentals continue to outperform the broader Louisville metro.

Investment highlights

  • The corridor is anchored by two Krogers, Target, Home Depot, Petco, Shoe Carnival, and an AMC theater — a proven, established retail hub that de-risks new development and attracts national tenants.
  • The Hurstbourne Pkwy/Taylorsville Rd intersection is the most highly trafficked in Kentucky at 96,375 vehicles —exceptional daily consumer and commercial exposure.
  • Louisville's east-end suburbs are leading retail absorption, with overall metro retail vacancy projected at 3.5%. Tight supply on this corridor supports strong lease rates for any new development.

Listing Contacts

DB
KY 215224
Marcus & Millichap - Louisville
RS
KY 305885
Listed by Marcus & Millichap - Louisville

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Additional Information

Name
Grant Fitzgerald
License
KY 286261
Title
Broker of Record
Name
David Badgett
License
215224
Brokerage Phone
502-329-5999
Name
Robert Smith
License
305885
Brokerage
Marcus & Millichap
Brokerage Phone
5023291111
Title
Associate Investments
Brokerage Address
9300 Shelbyville Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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