Retail Center with
For Lease
$8.50 SF/Yr
5518-5536 New Cut Road, Louisville, KY 40214
C-2-zoned space within a multi-tenant retail center serving neighborhood-oriented businesses.
Space SizeContact for details
Days on Market665
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Property Features for 5518-5536 New Cut Road
General Information
Standard status
Active
Total Parking Spaces
424
Property subtype
Retail
Zoning
C-2
Lease Type
NNN
Amenities
Power
Water
Sewer
Natural Gas
424 Parking Spaces
Building Details
Year Built
1964
Spaces For Lease
at 5518-5536 New Cut Road
Available Space
$8.50/Mo
Listing Agency:
Duncan Commercial RE, LLC
Listed By:
William Duncan
(502) 292-5464
Source:
Kcrea.resimplifi
Added: Dec 19, 2024
Changed: Oct 2
Last Checked: Oct 14 at 7:40PM
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 Duncan Commercial RE, LLC
Investment Insights
Based on property information with market context.
Retail space is available within a 165,000-square-foot shopping center at 5518-5536 New Cut Road in Louisville. The property includes an additional 1,590-square-foot mezzanine and carries C-2 zoning. Availability is dated February 28, 2025.
The center occupies the intersection of New Cut and Third Street Roads, with a reported traffic count of 25,000. One-mile demographics include 12,500 residents and average household income of $60,000. Existing tenants include Kroger, Dollar Tree, PNC Bank, Rally's, Little Caesars, Chase Bank, Wingstop, Benchmark Physical Therapy, and other neighborhood services.
The center occupies the intersection of New Cut and Third Street Roads, with a reported traffic count of 25,000. One-mile demographics include 12,500 residents and average household income of $60,000. Existing tenants include Kroger, Dollar Tree, PNC Bank, Rally's, Little Caesars, Chase Bank, Wingstop, Benchmark Physical Therapy, and other neighborhood services.
Key Highlights
- 165,000‑square‑foot multi‑tenant retail center
- Additional 1,590 SF mezzanine
- C‑2 zoning
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.28 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
196k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 27%
Groceries 22%
Superstores 9%
Kroger
Groceries
43,897 visits/mo
0.2 miles
McDonald's
Dining
25,844 visits/mo
0.1 miles
Big Lots
Superstores
16,833 visits/mo
0.1 miles
Speedway
Shops & Services
15,193 visits/mo
0.2 miles
Dollar Tree
Shops & Services
14,920 visits/mo
0.1 miles
Demographics for 40214, KY
46,220
Population
20,459
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
15.0 sq mi
ZIP Area
3,081
Density / Sq Mi
$53,563
Median Household Income
$37,121
Median Earnings
$950
Median Rent
$176,700
Median Home Value
Market
Lease Benchmarks for Louisville, KY
$20.97 /SF/Yr
Avg Asking Price
$6–$58 /SF/Yr
Price Range
51,477 SF
Avg Space Size
This space is priced 59% below the average of $20.97 /SF/Yr.
Vacancy Rate% for Retail in Louisville, KY
Similar Off Market Nearby
- Auburndale Village Shopping Center — 5520 New Cut Rd, Louisville, KY 40214
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Frequently Asked Questions
What type of property is this?
Shopping center - C-2-zoned space within a multi-tenant retail center serving neighborhood-oriented businesses.
Where is this shopping center located?
The property is located at 5518-5536 New Cut Road Louisville, KY.
What is the lease rate?
The lease rate is $8.50 SF/Yr.
What are key features of this property?
This property features: 165,000‑square‑foot multi‑tenant retail center; Additional 1,590 SF mezzanine; C‑2 zoning
