Conventional Restaurant with Real
For Sale
$8,000,000
3021 River Rd, Louisville, KY 40207
Restaurant business and real property are offered together along River Road near Interstate 71.
Property Size17,537 SF
Price / SF$456.18
Days on Market58
Property Features for 3021 River Rd
General Information
Standard status
Active
Size
17,537 SF
Total Parking Spaces
297
Property subtype
Retail
Zoning
C2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Land Use
commercial
Amenities
297 Parking Spaces
Building Details
Year Built
1975
Listing Agency:
Commercial Kentucky, Inc.
Listed By:
Craig Collins
(502) 314-9535
Source:
Kcrea.resimplifi
Added: Aug 20
Changed: Oct 12
Last Checked: Oct 14 at 7:38PM
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 Commercial Kentucky, Inc.
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Investment Insights
Based on property information with market context.
The offering combines the KingFish restaurant business with its underlying real estate at 3021 River Road in Louisville, Kentucky. The restaurant property was built in 1975 and has operated as a recognized local dining destination. The acquisition can support continued restaurant operations while also providing flexibility for a buyer considering repositioning or redevelopment of the site.
The property fronts River Road and is less than 0.5 mile from Interstate 71 via Zorn Avenue. Its setting along the Ohio River corridor places it near established residential neighborhoods, retail, dining, and employment centers, with access to Downtown Louisville, the East End, and the broader metropolitan area.
The property fronts River Road and is less than 0.5 mile from Interstate 71 via Zorn Avenue. Its setting along the Ohio River corridor places it near established residential neighborhoods, retail, dining, and employment centers, with access to Downtown Louisville, the East End, and the broader metropolitan area.
Key Highlights
- KingFish restaurant business and real estate offered together
- 3021 River Road location in Louisville, Kentucky
- Less than 0.5 mile from Interstate 71 via Zorn Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,448
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,928,960
$4.9M
Cap Rate 7%
$3,520,686
$3.5M
Cap Rate 9%
$2,738,311
$2.7M
Market Conditions
NOI Build-Up for 17,537 SF
Gross rent
$351.4K $20.04/SF
− Vacancy
−$22.8K −$1.30/SF
EGI
$328.6K $18.74/SF
− OpEx
−$82.1K −$4.68/SF
NOI
$246.4K $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%
$4,928,960
Cap Rate 7%
$3,520,686
Cap Rate 9%
$2,738,311
Alternative Uses
Best Use
Specialty Retail
$3.52M
$3.08M – $4.11M
NOI $246,448 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.55M
$3.98M – $5.30M
NOI $318,191 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Hotels & Casinos 8%
Shell
Shops & Services
13,448 visits/mo
0.2 miles
Candlewood Suites Louisville
Hotels & Casinos
1,243 visits/mo
0.3 miles
Valero Energy
Shops & Services
1,224 visits/mo
0.3 miles
Demographics for 40207, KY
30,104
Population
14,507
Households
2.1
Avg Household Size
43
Median Age
68%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
2,573
Density / Sq Mi
$98,583
Median Household Income
$59,242
Median Earnings
$1,248
Median Rent
$401,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Louisville, KY
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant business and real property are offered together along River Road near Interstate 71.
Where is this conventional restaurant located?
The property is located at 3021 River Rd Louisville, KY.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: KingFish restaurant business and real estate offered together; 3021 River Road location in Louisville, Kentucky; Less than 0.5 mile from Interstate 71 via Zorn Avenue
