Four-Building Office
For Sale
$935,000
3931-3937 Central Ave, Louisville, KY 40218
Fully leased office asset with seven income lines and C1 zoning.
Property Size9,688 SF
Lot Size0.85 Acres
Price / SF$96.51
Days on Market11
Property Features for 3931-3937 Central Ave
General Information
Standard status
Active
Size
9,688 SF
Lot size
0.85 Acres
Property subtype
Industrial
Zoning
C1
Occupancy
100%
Net Operating Income
$55,310
Financials
Asking Price
$935,000
Cap Rate
5.92%
Gross Income
$81,000
Amenities
Power
Water
Sewer
Building Details
Year Built
1950
Buildings
4
Tenancy
Multi
Listing Agency:
simpler.realestate
(502) 425-6000
Listed By:
Dave Gambol · License #Broker - Indiana RB19001584
(502) 425-6000
Source:
Kcrea.resimplifi
Added: Aug 21
Changed: Aug 31
Last Checked: Aug 31 at 8:34AM
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 simpler.realestate
Investment Insights
Based on property information with market context.
This office property consists of four buildings constructed in 1950, totaling 9,688 SF across 0.8455 ac. The buildings contain 2,772 SF at both 3931 and 3933 Central Avenue, plus 2,072 SF at both 3935 and 3937 Central Avenue. The 3937 parcel also includes a detached garage building.
The property is 100% leased through seven income lines. The garage space at 3937 Central Avenue is leased month-to-month to Chick-fil-A, adding a national credit tenant to the occupancy profile. The property is classified by the Jefferson County PVA as a Commercial Office/Utility Building and carries C1 zoning.
Individual parcel sizes range from 0.1802 ac to 0.2585 ac, with a combined 0.8455 ac across the four-parcel assembly.
The property is 100% leased through seven income lines. The garage space at 3937 Central Avenue is leased month-to-month to Chick-fil-A, adding a national credit tenant to the occupancy profile. The property is classified by the Jefferson County PVA as a Commercial Office/Utility Building and carries C1 zoning.
Individual parcel sizes range from 0.1802 ac to 0.2585 ac, with a combined 0.8455 ac across the four-parcel assembly.
Key Highlights
- 9,688 SF of office buildings across four structures
- Four‑parcel assembly totaling 0.8455 ac
- 100% leased with 7 income lines
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Explore this area
Business Placement
Demographics for 40218, KY
33,437
Population
14,697
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
89%
High-School Grad
9.0 sq mi
ZIP Area
3,715
Density / Sq Mi
$56,191
Median Household Income
$35,784
Median Earnings
$1,059
Median Rent
$195,600
Median Home Value
Market
Vacancy Rate% for Office in Louisville, KY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased office asset with seven income lines and C1 zoning.
Where is this office building located?
The property is located at 3931-3937 Central Ave Louisville, KY.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: 9,688 SF of office buildings across four structures; Four‑parcel assembly totaling 0.8455 ac; 100% leased with 7 income lines
