Flexible Building for Creative
1320 E Washington St, Louisville, KY 40206
For Sale
$1,050,000
Adaptable commercial space near Louisville’s Soccer Stadium District, with potential for industrial, production, office, or event functions.
Property Size10,158 SF
Days on Market97
Property Features for 1320 E Washington St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Buildings
Listing Agency:
Hoagland Commercial Realtors
Listed By:
Woodford Hoagland · License KY #74285
(502) 387-9788
Source:
Commercialcafe
Added: Aug 10
Changed: Nov 12
Last Checked: Nov 12 at 4:36AM
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 Hoagland Commercial Realtors
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Investment Insights
Based on property information with market context.
This flex property offers more than 10,000 SF of commercial building area in Butchertown. The space is positioned for a range of operating concepts, including light industrial work, retail production, creative office use, and events. The property information also identifies a second-floor residential unit as a potential component.
Located at 1320 E Washington St, the building sits two blocks from the Soccer Stadium District and within Louisville’s Butchertown area. Its combination of substantial interior area and flexible use potential supports a variety of commercial configurations.
Located at 1320 E Washington St, the building sits two blocks from the Soccer Stadium District and within Louisville’s Butchertown area. Its combination of substantial interior area and flexible use potential supports a variety of commercial configurations.
Key Highlights
- >10,000 SF flex building
- Two blocks from the Soccer Stadium District
- Located in Louisville’s Butchertown area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,108
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,842,160
$1.8M
Cap Rate 7%
$1,315,829
$1.3M
Cap Rate 9%
$1,023,422
$1.0M
Market Conditions
NOI Build-Up for 10,158 SF
Gross rent
$152.4K $15.00/SF
− Vacancy
−$10.7K −$1.05/SF
EGI
$141.7K $13.95/SF
− OpEx
−$49.6K −$4.88/SF
NOI
$92.1K $9.07/SF
Area
Louisville, KY
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,842,160
Cap Rate 7%
$1,315,829
Cap Rate 9%
$1,023,422
Alternative Uses
Best Use
Flex RnD
$1.32M
$1.15M – $1.54M
NOI $92,108 @ 7.0% cap · market cap 8.77%
Second Best
Industrial
$868.5K
$760.0K – $1.01M
NOI $60,796 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,307 @ 7.0% cap · market cap 17.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,282
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40206, KY
20,196
Population
11,637
Households
1.7
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,482
Density / Sq Mi
$72,543
Median Household Income
$48,506
Median Earnings
$1,142
Median Rent
$276,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Louisville
Vacancy Rate% for Industrial in Louisville, KY
Similar Off Market Nearby
- Crowler Catering and Small Batch Events — 303 S Spring St, Louisville, KY 40206
- The Conscious Cocktailer — 1515 Payne St, Louisville, KY 40206
- Office First Kitchen — 141 n spring st, louisville, ky 40206
- Chef Adam Burress Catering — 1758 Frankfort Ave 2nd floor, Louisville, KY 40206
- Happy Belly Bistro — 240 Adams St, Louisville, KY 40206
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space near Louisville’s Soccer Stadium District, with potential for industrial, production, office, or event functions.
Where is this flex space located?
The property is located at 1320 E Washington St Louisville, KY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: >10,000 SF flex building; Two blocks from the Soccer Stadium District; Located in Louisville’s Butchertown area
