Turnkey Restaurant/Grocery, 2014
1444 Dixie Hwy Louisville, KY 40210
For Sale
$350,000
Turnkey Restaurant/Grocery, 2014 Build
Property Size1,960 SF
Lot Size0.11 Acres
Price / SF$178.57
Days on Market125
Property Features for 1444 Dixie Hwy
General Information
- Standard status
- Active
- Property type
- Grocery and convenience stores, Storefront properties, Conventional restaurants, Retail properties & Spaces, Restaurants
- Size
- 1,960 SF
- Total Parking Spaces
- 4
- Elevators
- No
- Lot size
- 0.11 Acres
Building Details
- Year Built
- 2014
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency:
(502) 930-1155
Listed By:
Lori
(502) 930-1155
Added: Mar 24
Changed: Apr 8
Investment Insights
Based on property information with market context.
This property, constructed in 2014, is located on Dixie Highway in Louisville, Kentucky. The building offers potential for various uses beyond its original configuration as a grocery store and restaurant. The sale includes commercial kitchen equipment, featuring three freezers, a walk-in cooler, seven additional coolers, a grill, two deep fryers, and an oven. Inventory is not included in the sale price and will be sold separately. The property is situated on a 0.1105-acre lot. The building's location on Dixie Highway provides high traffic volume and exposure. The property size is 1960 square feet.
Financial Insights For Specialty Retail
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 | $39.3k | $20.04 |
| − Vacancy | −$2.6k | −$1.30 |
| EGI | $36.7k | $18.74 |
| − OpEx | −$9.2k | −$4.68 |
| NOI | $27.5k | $14.05 |
1,960 SF · lease $20.04/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$393.5K
$344.3K – $459.1K
NOI $27,544 @ 7.0% cap · market cap 7.87%
Second Best
Retail
$322.8K
$282.5K – $376.6K
NOI $22,597 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$508.0K
$444.5K – $592.7K
NOI $35,562 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ali's Food Mart
Department Store
Similar Off Market Nearby
- Lish Sweet and Delicious Candy — 2123 grand ave, louisville, ky 40210
- Tauana herrod — 1791 wilart dr, louisville, ky 40210
- Bashford manor — 2801 Constant Comment Place, Louisville, KY 40210
- Save A Lot — 1804 Dixie Hwy, Louisville, KY 40210
FAQs
What type of property is this?
Grocery and convenience store - Turnkey Restaurant/Grocery, 2014 Build
Where is this grocery and convenience store located?
The property is located at 1444 Dixie Hwy Louisville, KY.
What is the asking price?
The asking price for this property is $350,000.
