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Mixed-Use Building with Rear Parking
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2720 Frankfort Ave, Louisville, KY 40206

Leased retail and office suites with dedicated rear surface parking, plus an available wellness/creative studio for leasing.

Property Size5,791 SF
Price / SF$1.00
Days on Market48

Property Features for 2720 Frankfort Ave

General Information

Standard status Active
Size 5,791 SF
Property subtype Retail

Additional Details

Business Included Yes
Listing Agency: Louisville
Listed By: Breana Harris
Source: Colliers
Added: Jul 14 Changed: Aug 22 Last Checked: Aug 29 at 5:52AM

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 Louisville

Investment Insights

Based on property information with market context.

2720 Frankfort Avenue is a mixed-use building offering stable leased income and flexible space. The property includes a long-term retail tenant in place since 2003 with a lease extending through 2028, along with two leased second-floor counseling suites. An additional wellness/creative studio is available for leasing, suited for uses such as a yoga, fitness, art, or boutique office concept, based on the space’s intended fit. Dedicated rear surface parking is provided for tenant use.

Located along the Frankfort Avenue corridor in Louisville, the building also comes with architectural plans for a future third-floor residential conversion. This combination of current income and planned expansion provides a straightforward path to re-position the upper levels over time, depending on approvals and execution.

Key Highlights

  • Landmark mixed‑use investment property on Frankfort Avenue with stable retail income and flexible office space
  • Long‑term retail tenant in place since 2003, with a lease extending through 2028
  • Two leased second‑floor counseling suites generating additional income

Property Analytics

Current Use

LouisvilleMemorials.com Social Service Agency Alice H. Cash, ... Foster Care Service Carmichael's Bookstore (Bike/Boat/Book/etc) Store Tara Young Photography Wedding Service Heart's Content Healing ... Gym & Fitness Center

Suggested Use

Top Pick Dental Office Building Supply HVAC Service Daycare Center Parking Lot & Garage Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

590
Businesses Nearby

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

Market

Vacancy Rate% for Office in Louisville, KY

12.4% 2019
14.8% 2020
14.3% 2021
15.4% 2022
16.3% 2023
15.7% 2024
18.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Leased retail and office suites with dedicated rear surface parking, plus an available wellness/creative studio for leasing.
Where is this mixed-use property located?
The property is located at 2720 Frankfort Ave Louisville, KY.
What are key features of this property?
This property features: Landmark mixed‑use investment property on Frankfort Avenue with stable retail income and flexible office space; Long‑term retail tenant in place since 2003, with a lease extending through 2028; Two leased second‑floor counseling suites generating additional income
More about this property
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