Corner Storefront
For Sale
Contact for pricing
2406 S Shelby St, Louisville, KY 40217
Updated interior and specialized plumbing serve a professional-service-oriented commercial space near South Shelby Street and Goss Avenue.
Property Size1,019 SF
Price / SF$1.37
Days on Market268
Property Features for 2406 S Shelby St
General Information
Standard status
Active
Size
1,019 SF
Property subtype
Investment
Zoning
C-1 Neighborhood Commercial Zone
Lease Type
Modified Gross
Listing Agency:
Colliers
Listed By:
Brigitte Owens
(502) 387-1957
Source:
Kcrea.resimplifi
Added: Jan 21
Changed: Oct 3
Last Checked: Oct 16 at 5:45AM
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 Colliers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This corner storefront property includes an updated interior within a building that retains original architectural character. Specialized plumbing infrastructure is already installed for a professional service business, and the property sits on a 3,049-square-foot lot. The space has operated as a professional dog grooming facility, providing a documented prior commercial use.
The building is positioned near the intersection of South Shelby Street and Goss Avenue in Louisville’s Schnitzelburg/Germantown corridor. The surrounding area includes independent retail, dining, and residential development, while the site benefits from reported pedestrian and vehicle traffic. Louisville Muhammad Ali International Airport is approximately 12 minutes away.
The building is positioned near the intersection of South Shelby Street and Goss Avenue in Louisville’s Schnitzelburg/Germantown corridor. The surrounding area includes independent retail, dining, and residential development, while the site benefits from reported pedestrian and vehicle traffic. Louisville Muhammad Ali International Airport is approximately 12 minutes away.
Key Highlights
- Corner building near South Shelby Street and Goss Avenue
- 3,049‑square‑foot lot
- Updated interior paired with original architectural character
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,748
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,960
$235.0K
Cap Rate 7%
$167,829
$167.8K
Cap Rate 9%
$130,533
$130.5K
Market Conditions
NOI Build-Up for 1,019 SF
Gross rent
$18.3K $18.00/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$16.8K $16.47/SF
− OpEx
−$5.0K −$4.94/SF
NOI
$11.7K $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%
$234,960
Cap Rate 7%
$167,829
Cap Rate 9%
$130,533
Alternative Uses
Best Use
Retail
$167.8K
$146.9K – $195.8K
NOI $11,748 @ 7.0% cap · market cap 839.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.1K
$231.1K – $308.2K
NOI $18,489 @ 7.0% cap · market cap 1,320.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 33%
Groceries 13%
Dollar Tree
Shops & Services
14,532 visits/mo
0.5 miles
White Castle
Dining
13,057 visits/mo
0.2 miles
Restaurant Depot
Groceries
9,099 visits/mo
0.5 miles
El Nopal
Dining
8,715 visits/mo
0.2 miles
Heine Brothers Coffee
Dining
7,670 visits/mo
0.1 miles
Demographics for 40217, KY
13,061
Population
6,840
Households
1.9
Avg Household Size
36
Median Age
48%
College-Educated
95%
High-School Grad
2.4 sq mi
ZIP Area
5,442
Density / Sq Mi
$68,573
Median Household Income
$48,298
Median Earnings
$1,150
Median Rent
$220,700
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
Similar Off Market Nearby
- Susan's Florist — 2731 Preston Hwy, Louisville, KY 40217
- Wildflowers Florist — 2406 S Preston St, Louisville, KY 40217
Frequently Asked Questions
What type of property is this?
Storefront property - Updated interior and specialized plumbing serve a professional-service-oriented commercial space near South Shelby Street and Goss Avenue.
Where is this storefront property located?
The property is located at 2406 S Shelby St Louisville, KY.
What are key features of this property?
This property features: Corner building near South Shelby Street and Goss Avenue; 3,049‑square‑foot lot; Updated interior paired with original architectural character
