Permitted Airbnb and Office
1101 Central Ave Louisville, KY 40208
1101 Central Ave, Louisville, KY, 40208
Contact for pricing
For Sale
Contact for pricing
Fully permitted AirBnB/office with 3 bathrooms and a configuration positioned for short-term stays.
Property Size2,850 SF
Price / SF$149.12
Days on Market115
Property Features for 1101 Central Ave
General Information
- Standard status
- Active
- Size
- 2,850 SF
- Property subtype
- Hospitality, Office
Building Details
- Year Built
- 1954
Listing agency
Dattilo Real Estate
(502) 849-6849
Listed by
Kimberly Dattilo · License #186777
Source
Crexi
Added: Mar 30 Updated: Jul 22 at 3:52AM Checked: Jul 22 at 3:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dattilo Real Estate
Investment Insights
Based on property information with market context.
This fully permitted property is set up for short-term rentals as an AirBnB and includes office space, with three bathrooms. The offering is presented as ready to operate as a full building.
The property is located at 1101 Central Ave in Louisville, KY 40208, with the public remarks noting proximity within walking distance to Churchill Downs, the Exposition Center, and L&N Stadium.
In addition to its AirBnB/office configuration and bathroom count, the property’s permitted status is a key element of the asset as marketed. Interested parties should review the permits and operational setup details directly to confirm all requirements for use.
The property is located at 1101 Central Ave in Louisville, KY 40208, with the public remarks noting proximity within walking distance to Churchill Downs, the Exposition Center, and L&N Stadium.
In addition to its AirBnB/office configuration and bathroom count, the property’s permitted status is a key element of the asset as marketed. Interested parties should review the permits and operational setup details directly to confirm all requirements for use.
Key Highlights
- 1954‑built property with fully permitted AirBnB use.
- Configured for short‑term stays with an AirBnB/office layout.
- Includes 3 bathrooms.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.9k | $21.00 |
| − Vacancy | −$10.8k | −$3.78 |
| EGI | $49.1k | $17.22 |
| − OpEx | −$12.3k | −$4.31 |
| NOI | $36.8k | $12.92 |
2,850 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$525.8K
$460.1K – $613.5K
NOI $36,808 @ 7.0% cap · market cap 8.66%
Second Best
Hotel Hospitality
$153.2K
$134.0K – $178.7K
NOI $10,722 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Greetings from Louisville ...
Resort
Homestretch Mortgage
Loan Service
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FAQs
What type of property is this?
Hotel - Fully permitted AirBnB/office with 3 bathrooms and a configuration positioned for short-term stays.
Where is this hotel located?
The property is located at 1101 Central Ave Louisville, KY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1954‑built property with fully permitted AirBnB use.; Configured for short‑term stays with an AirBnB/office layout.; Includes 3 bathrooms.
