Permitted Airbnb and Office
For Sale
$425,000
1101 Central Ave, Louisville, KY 40208
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 Market186
Property Features for 1101 Central Ave
General Information
Standard status
Active
Size
2,850 SF
Total Parking Spaces
4
Property subtype
Hospitality
Zoning
C1
Additional Details
Business Included
Yes
Amenities
Power
Water
Sewer
Natural Gas
4 Parking Spaces
Building Details
Year Built
1954
Listing Agency:
The Dattilo Realty Company
Listed By:
Tommy Clark
(502) 641-3199
Source:
Kcrea.resimplifi
Added: Apr 20
Changed: Oct 17
Last Checked: Oct 20 at 5:10PM
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 The Dattilo Realty Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,808
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,160
$736.2K
Cap Rate 7%
$525,829
$525.8K
Cap Rate 9%
$408,978
$409.0K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$59.9K $21.00/SF
− Vacancy
−$10.8K −$3.78/SF
EGI
$49.1K $17.22/SF
− OpEx
−$12.3K −$4.31/SF
NOI
$36.8K $12.92/SF
Area
Louisville, KY
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,160
Cap Rate 7%
$525,829
Cap Rate 9%
$408,978
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 authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 40208, KY
17,048
Population
6,675
Households
2.6
Avg Household Size
27
Median Age
34%
College-Educated
88%
High-School Grad
2.6 sq mi
ZIP Area
6,557
Density / Sq Mi
$37,714
Median Household Income
$17,255
Median Earnings
$914
Median Rent
$153,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Louisville, KY
Frequently Asked Questions
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.
