Highlands Entertainment District Mixed-Use
1328 Bardstown Road Louisville, KY 40204
For Sale
$1,750,000
COMMERCIAL - Louisville, KY
Property Size5,000 SF
Lot Size0.19 Acres
Price / SF$350
Days on Market92
Property Features for 1328 Bardstown Road
General Information
Property type
Commercial Sale
Property subtype
Retail
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: May 29
Last Checked: Jul 28 at 6:06AM
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.
Investment Insights
Based on property information with market context.
Located in the heart of The Highlands Entertainment District, this mixed-use property offers a prime opportunity for retail, office, or restaurant ventures. The property benefits from exceptional visibility and consistent foot traffic along Bardstown Road. The flexible space is suited for a variety of high-demand uses. The purchase includes an approximately 1,500 square foot apartment, suitable for owner-occupancy, a live/work setup, or additional rental income. The property is situated next to the historic Highlands Station 7 firehouse.
Key Highlights
- Prime location in the heart of The Highlands Entertainment District with exceptional visibility and steady foot traffic along Bardstown Road.
- Includes a +/- 1,500 SF apartment, ideal for owner‑occupancy, live/work setup, or additional rental income.
- Flexible retail, office, or restaurant space suited for a wide variety of high‑demand uses.
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 | $105.0k | $21.00 |
| − Vacancy | −$18.9k | −$3.78 |
| EGI | $86.1k | $17.22 |
| − OpEx | −$21.5k | −$4.31 |
| NOI | $64.6k | $12.92 |
5,000 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$922.5K
$807.2K – $1.08M
NOI $64,575 @ 7.0% cap · market cap 3.69%
Second Best
Mixed Use
$848.6K
$742.5K – $990.0K
NOI $59,400 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,720 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail, office, or restaurant space with residential income 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 $1,750,000.
What are key features of this property?
This property features: Prime location in the heart of The Highlands Entertainment District with exceptional visibility and steady foot traffic along Bardstown Road.; Includes a +/- 1,500 SF apartment, ideal for owner‑occupancy, live/work setup, or additional rental income.; Flexible retail, office, or restaurant space suited for a wide variety of high‑demand uses.
