Mixed-Use Property with
For Sale
$1,650,000
1328 Bardstown Road, Louisville, KY 40204
Commercial Sale, Louisville, KY
Property Size5,000 SF
Lot Size0.19 Acres
Price / SF$330
Days on Market191
Property Features for 1328 Bardstown Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C-2
Subdivision
Commercial
Directions
Bardstown Road outbound, property is on the right just before Station 7 Firehouse.
Standard status
Active
APN
075-B0064-0000
Size
5,000 SF
Lot size
0.19 Acres
Building Details
Year built
1900
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Gresham Wilson
(859) 421-3376
Added: Apr 28
Changed: Oct 2
Last Checked: Nov 4 at 11:06AM
MLS# 26009307
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use building contains 5,000 square feet and includes commercial space alongside a +/- 1,500 SF apartment. The commercial component is presented for retail, office, or restaurant use, while the residential portion adds a separate occupancy or rental component within the same property. Built in 1900, the property occupies a 0.19-acre parcel.
The building fronts Bardstown Road in Louisville’s Highlands Entertainment District, on a block described as having strong pedestrian activity and visibility. It is located next to the historic Highlands Station 7 firehouse, providing a recognizable neighboring landmark. The address is 1328 Bardstown Road, Louisville, KY 40204.
The building fronts Bardstown Road in Louisville’s Highlands Entertainment District, on a block described as having strong pedestrian activity and visibility. It is located next to the historic Highlands Station 7 firehouse, providing a recognizable neighboring landmark. The address is 1328 Bardstown Road, Louisville, KY 40204.
Key Highlights
- 5,000‑square‑foot mixed‑use building on a 0.19‑acre parcel
- Includes a +/- 1,500 SF apartment within the building
- Commercial space presented for retail, office, or restaurant use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,400
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,000
$1.2M
Cap Rate 7%
$848,571
$848.6K
Cap Rate 9%
$660,000
$660.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$108.0K $21.60/SF
− Vacancy
−$13.0K −$2.59/SF
EGI
$95.0K $19.01/SF
− OpEx
−$35.6K −$7.13/SF
NOI
$59.4K $11.88/SF
Area
Louisville, KY
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,000
Cap Rate 7%
$848,571
Cap Rate 9%
$660,000
Alternative Uses
Best Use
Mixed Use
$848.6K
$742.5K – $990.0K
NOI $59,400 @ 7.0% cap · market cap 3.60%
Second Best
Retail
$823.5K
$720.6K – $960.8K
NOI $57,645 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,720 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,080
Businesses Nearby
150k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 23%
Home Improvements & Furnishings 2%
Raising Cane's Chicken Fingers
Dining
41,576 visits/mo
0.1 miles
Speedway
Shops & Services
22,524 visits/mo
0.4 miles
McDonald's
Dining
17,743 visits/mo
0.2 miles
Heine Brothers Coffee
Dining
13,405 visits/mo
0.1 miles
Wendy's
Dining
12,413 visits/mo
0.4 miles
Demographics for 40204, KY
14,600
Population
8,759
Households
1.7
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
3.2 sq mi
ZIP Area
4,563
Density / Sq Mi
$70,706
Median Household Income
$50,246
Median Earnings
$1,225
Median Rent
$314,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Louisville, KY
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines commercial space with an apartment, supporting retail, office, or restaurant use potential.
Where is this mixed-use property located?
The property is located at 1328 Bardstown Road Louisville, KY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 5,000‑square‑foot mixed‑use building on a 0.19‑acre parcel; Includes a +/- 1,500 SF apartment within the building; Commercial space presented for retail, office, or restaurant use
