Mixed-Use Property with Outdoor
For Sale
$2,000,000
214 S Clay St, Louisville, KY 40202
C2-zoned property combines a wine bar, law office, and additional office space.
Property Size5,733 SF
Price / SF$348.86
Days on Market255
Property Features for 214 S Clay St
General Information
Standard status
Active
Size
5,733 SF
Property subtype
Office
Zoning
C2
Building Details
Tenancy
Multi
Listing Agency:
Fischer's R E Brkg & Betterment Haus LLC
Listed By:
John Fischer · License #72871
(502) 608-3133
Source:
Kcrea.resimplifi
Added: Feb 3
Changed: Oct 7
Last Checked: Oct 16 at 5:55AM
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 Fischer's R E Brkg & Betterment Haus LLC
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Investment Insights
Based on property information with market context.
This 5,733-square-foot mixed-use property contains a wine bar, a law office, and several additional small office spaces. The existing building fronts S Clay Street and is paired with a landscaped outdoor area behind the structure.
The property is at 214 S Clay St in Louisville’s NULU downtown neighborhood, adjacent to Meesh Meesh, identified as a James Beard Award restaurant. Its C2 zoning supports the property’s established commercial character and provides a framework for evaluating continued use or redevelopment.
The property is at 214 S Clay St in Louisville’s NULU downtown neighborhood, adjacent to Meesh Meesh, identified as a James Beard Award restaurant. Its C2 zoning supports the property’s established commercial character and provides a framework for evaluating continued use or redevelopment.
Key Highlights
- 5,733‑square‑foot mixed‑use property at 214 S Clay St
- C2 zoning
- Existing wine bar, law office, and additional small office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,566
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,611,320
$1.6M
Cap Rate 7%
$1,150,943
$1.2M
Cap Rate 9%
$895,178
$895.2K
Market Conditions
NOI Build-Up for 5,733 SF
Gross rent
$114.9K $20.04/SF
− Vacancy
−$7.5K −$1.30/SF
EGI
$107.4K $18.74/SF
− OpEx
−$26.9K −$4.68/SF
NOI
$80.6K $14.05/SF
Area
Louisville, KY
Vacancy
6.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,611,320
Cap Rate 7%
$1,150,943
Cap Rate 9%
$895,178
Alternative Uses
Best Use
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,566 @ 7.0% cap · market cap 4.03%
Second Best
Office B
$1.06M
$925.5K – $1.23M
NOI $74,042 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,020 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,901
Businesses Nearby
Explore this area
Business Placement
Demographics for 40202, KY
7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
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 Office in Louisville, KY
Frequently Asked Questions
What type of property is this?
Mixed-use property - C2-zoned property combines a wine bar, law office, and additional office space.
Where is this mixed-use property located?
The property is located at 214 S Clay St Louisville, KY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 5,733‑square‑foot mixed‑use property at 214 S Clay St; C2 zoning; Existing wine bar, law office, and additional small office spaces
