Listed by eXp Commercial LLC
$850,000
C2 Investment and Land Opportunity
Details
Property Type Retail, Land
Sub Type Commercial
Square Footage 21,780
NOI $1,000
Occupancy 50%
Tenancy Single
Lease Type NNN
Lease Options Month 2 Month
Acreage 0.500
Zoning C2
Ground Lease No
Sale Condition N/A
C2 Retail Investment and Land Opportunity
Marketing description
This property consists of 6 lots that wrap around the corner of Broadway and Dr W J Hodge st. They are selling this to be developed. However, there currently is a well-established restaurant located on the corner. ($1,000/mo.) One of the lots also houses a billboard that brings in income.
This area is experiencing a lot of growth including a new hospital, restaurants and housing.
Potential tax credits available
Investment highlights
Investment Highlights
- 0.52-acre corner redevelopment opportunity in Louisville's rapidly transforming West Broadway corridor.
- Income-producing property with immediate cash flow while pursuing redevelopment.
- Surrounded by millions of dollars in public and private investment and infrastructure improvements.
- Potential redevelopment tax incentives to enhance project economics.
- Rare assemblage offering mixed-use, multifamily, medical, or commercial development potential.
Prime West Louisville Redevelopment Opportunity
- Approximately 0.52 acres comprised of six contiguous parcels offering a rare assemblage along one of Louisville's most important commercial corridors.
High-Visibility Corner Location
- Prominent frontage at W. Broadway and Dr. W.J. Hodge Street with excellent visibility, strong traffic counts, and multiple points of access.
Immediate Income While Planning Development
- Existing restaurant tenant provides interim rental income during entitlement and redevelopment planning, helping offset holding costs.
Surrounded by Transformational Investment
The property is located within an area benefiting from significant public and private investment, including:
- Norton Healthcare expansion
- New mixed-income housing developments
- Retail and restaurant investment
- Community redevelopment initiatives
- Streetscape improvements along Broadway
Listing Contacts
Listed by eXp Commercial LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,000.00
$83.33/mo
Valuation Metrics
0
DSCR
0.12%
Cap Rate
0.12%
ROI
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