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Multi-Tenant Retail Center Lease Space
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5240 Dixie Hwy, Louisville, KY 40216

5,283 SF retail suite available within Dixie Center, an established multi-tenant center with prominent Dixie Highway frontage and onsite parking.

Space Size5,283 SF
Lot Size3.44 Acres
Days on Market474

Property Features for 5240 Dixie Hwy

General Information

Standard status Active
Size 5,283 SF
Lot size 3.44 Acres
Property subtype Retail, Office, Restaurant

Building Details

Tenancy Multiple

Spaces For Lease

at 5240 Dixie Hwy Contact us

5226 Dixie Hwy

Size
5,283 SF
Type
Office, Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Gulfstream Commercial Services LLC
Listed By: Fahr Juneja · License #214716
Source: Crexi
Added: May 19, 2025 Changed: Aug 23 Last Checked: Sep 3 at 8:00AM

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 Gulfstream Commercial Services LLC

Investment Insights

Based on property information with market context.

Dixie Center is an established multi-tenant retail center offering a 5,283 SF retail space for lease. The available suite is positioned for businesses that benefit from high visibility and convenient customer access within an active shopping environment.

The center is located at 5240 Dixie Highway in Louisville and totals approximately 44,301 SF on 3.44 acres. Dixie Center provides prominent frontage along a heavily traveled commercial corridor and includes onsite parking for patrons.

The tenant mix includes well-known co-tenants such as Visionworks, GNC, Sherwin-Williams, NAPA Auto Parts, Stock Yards Bank & Trust, and Subway, supporting consistent day-to-day activity within the center.

Key Highlights

  • Dixie Center is a multi‑tenant retail center at 5240 Dixie Highway, Louisville, KY.
  • Property totals approximately 44,301 SF on 3.44 acres with prominent frontage on a heavily traveled commercial corridor.
  • A 5,283 SF retail space is currently available for lease within the center.

Property Analytics

Current Use

Subway Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

636
Businesses Nearby
Balanced
Demand for This Use

Demographics for 40216, KY

43,434
Population
19,257
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
15.7 sq mi
ZIP Area
2,766
Density / Sq Mi
$50,211
Median Household Income
$35,503
Median Earnings
$883
Median Rent
$154,500
Median Home Value

Market

Lease Benchmarks for Louisville, KY

$17.57 /SF/Yr
Avg Asking Price
$6–$30 /SF/Yr
Price Range
60,144 SF
Avg Space Size

Vacancy Rate% for Office in Louisville, KY

12.4% 2019
14.8% 2020
14.3% 2021
15.4% 2022
16.3% 2023
15.7% 2024
18.8% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Dixie Manor Shopping Center 6801 Dixie Hwy, Louisville, KY 40258
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  • Dixie Center 5222 1/2 Dixie Hwy, Louisville, KY 40216
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Frequently Asked Questions

What type of property is this?
Shopping center - 5,283 SF retail suite available within Dixie Center, an established multi-tenant center with prominent Dixie Highway frontage and onsite parking.
Where is this shopping center located?
The property is located at 5240 Dixie Hwy Louisville, KY.
What are key features of this property?
This property features: Dixie Center is a multi‑tenant retail center at 5240 Dixie Highway, Louisville, KY.; Property totals approximately 44,301 SF on 3.44 acres with prominent frontage on a heavily traveled commercial corridor.; A 5,283 SF retail space is currently available for lease within the center.
(502) 744-1465 Call to check price and availability
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