Bar Property with
For Sale
Contact for pricing
1601 STORY AVE, Louisville, KY 40206
C-2-zoned bar property with a rear patio and second-floor apartment.
Property Size4,374 SF
Price / SF$1.06
Days on Market452
Property Features for 1601 STORY AVE
General Information
Standard status
Active
Size
4,374 SF
Property subtype
Retail
Zoning
C-2
Additional Details
Corner Location
Yes
Patio
Yes
Amenities
patio
Water
Sewer
Listing Agency:
Nahata Realty
Listed By:
Rohit Nahata
(323) 899-2763
Source:
Kcrea.resimplifi
Added: Jul 21, 2025
Changed: Oct 1
Last Checked: Oct 14 at 7:36PM
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 Nahata Realty
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Investment Insights
Based on property information with market context.
This 4,374-square-foot bar property includes a rear patio and a second-floor apartment that may be subleased. The building is suited to a bar and restaurant concept, with the apartment providing an additional component for the property’s operation or leasing strategy.
The property is positioned at the intersection of Frankfort Ave and Story Ave, adjacent to the Butchertown and NuLu areas of Louisville. Its address is 1601 Story Ave, Louisville, KY 40206, and the site carries C-2 zoning.
The property is positioned at the intersection of Frankfort Ave and Story Ave, adjacent to the Butchertown and NuLu areas of Louisville. Its address is 1601 Story Ave, Louisville, KY 40206, and the site carries C-2 zoning.
Key Highlights
- 4,374‑square‑foot bar property at 1601 STORY AVE, Louisville, KY 40206
- C‑2 zoning
- Located at the intersection of Frankfort Ave and Story Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,428
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,560
$1.0M
Cap Rate 7%
$720,400
$720.4K
Cap Rate 9%
$560,311
$560.3K
Market Conditions
NOI Build-Up for 4,374 SF
Gross rent
$78.7K $18.00/SF
− Vacancy
−$6.7K −$1.53/SF
EGI
$72.0K $16.47/SF
− OpEx
−$21.6K −$4.94/SF
NOI
$50.4K $11.53/SF
Area
Louisville, KY
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,560
Cap Rate 7%
$720,400
Cap Rate 9%
$560,311
Alternative Uses
Best Use
Specialty Retail
$878.1K
$768.4K – $1.02M
NOI $61,468 @ 7.0% cap · market cap 1,321.89%
Second Best
Retail
$720.4K
$630.4K – $840.5K
NOI $50,428 @ 7.0% cap · market cap 1,084.47%
Theoretical Best
Office A
$1.13M
$992.0K – $1.32M
NOI $79,362 @ 7.0% cap · market cap 1,706.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Prime Storage
Shops & Services
964 visits/mo
0.2 miles
Hays Auctions & Appraisals
Shops & Services
517 visits/mo
0.4 miles
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
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
Similar Off Market Nearby
- Falls City Beer — 901 E Liberty St, Louisville, KY 40204
- Production Simple Concert & Events — 1386 Lexington Rd, Louisville, KY 40206
- Headliners Music Hall — 1386 Lexington Rd, Louisville, KY 40206
- Spring Street Bar & Grill — 300 S Spring St, Louisville, KY 40206
- The Holly Lodge — 900 E Main St, Louisville, KY 40206
Frequently Asked Questions
What type of property is this?
Bar & Pub - C-2-zoned bar property with a rear patio and second-floor apartment.
Where is this bar & pub located?
The property is located at 1601 STORY AVE Louisville, KY.
What are key features of this property?
This property features: 4,374‑square‑foot bar property at 1601 STORY AVE, Louisville, KY 40206; C‑2 zoning; Located at the intersection of Frankfort Ave and Story Ave
