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34230570
34230572

2119 Old Shepherdsville Road, Louisville, KY 40218 For Sale

KR
KY KY 271918, IN RB22000531
United Real Estate Louisville
Listed by United Real Estate Louisville
$700,000
11 days on market
Updated 2 days ago

Investment Opportunity | Louisville, KY I 11% Cap Rate

Details
APN 081300620000
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 5,287
Units 1
Cap Rate 11.00%
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 5
Lease Expiration 12/31/2030
Remaining Term 4.5
Rent Bumps Yes
Price per SqFt $132
Class C
Year Built 1935
Year Renovated 2026
Buildings 3
Acreage 0.520
Zoning C1
Investment Type Stabilized
Lease Commencement 01/01/2026
Ground Lease No
Ceiling Height 8'
Sale Condition 1031 exchange

Retail | 11.00% CAP | 5,287 SqFt

Marketing description

Exceptional opportunity to acquire a high-yield, income-producing commercial investment in one of Louisville's established commercial corridors. This offering includes three buildings totaling approximately 5,287± square feet and is 100% leased to a strong multi-location day care operator under a five-year lease, providing immediate, predictable cash flow.

With an 11% capitalization rate, this property offers investors an attractive return that significantly outperforms many comparable stabilized commercial assets. The lease includes scheduled annual rent increases, providing built-in NOI growth and long-term value appreciation while reducing future leasing risk.

Strategically positioned near I-264, Poplar Level Road, Louisville Muhammad Ali International Airport, UPS Worldport, and major employment centers, the property benefits from excellent accessibility, strong surrounding demographics, and continued demand for commercial space in the area.

Whether you're completing a 1031 Exchange, seeking to diversify your commercial portfolio, or looking for a stable, cash-flowing asset with immediate returns, this property presents an outstanding investment opportunity.

Investment highlights

  • Asking Price:$700,000
  • 11% Cap Rate
  • 5,287± SF across three buildings
  • 100% occupied by a long-term tenant
  • Five-year lease with annual rent escalations
  • Strong in-place cash flow from day one
  • Recent capital improvements reduce future maintenance costs
  • Excellent Louisville location with convenient access to major transportation corridors
  • Ideal for investors seeking passive income and long-term appreciation

Listing Contacts

KR
KY KY 271918, IN RB22000531
United Real Estate Louisville
Listed by United Real Estate Louisville

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Additional Information

Name
Katie Renfro
License
KY 271918
Brokerage Phone
+1 502 365 3840
Brokerage Address
1757 Frankfort Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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