257-Room Building on 5.29
For Sale
$9,950,000
4004 Gardiner Point Drive, Louisville, KY 40213
142,754 SF building on 5.29 acres with 341 parking spaces.
Property Size142,754 SF
Lot Size5.29 Acres
Price / SF$69.70
Days on Market135
Property Features for 4004 Gardiner Point Drive
General Information
Standard status
Active
Size
142,754 SF
Lot size
5.29 Acres
Property subtype
Multifamily
Listing Agency:
CBRE Inc.
(502) 412-7644
Listed By:
David L. Hardy
(502) 412-7644
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Aug 5 at 10:41AM
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 CBRE Inc.
Investment Insights
Based on property information with market context.
This 142,754 square foot building, situated on 5.29 acres, features 257 rooms and 341 parking spaces. Constructed in 1965 and expanded and renovated in 2010, the property was initially the Colonel Sanders Inn, adjacent to the KFC/YUM campus, before being converted into a residence hall for Sullivan University. The building includes a complete commercial kitchen and restaurant space, making it suitable for an assisted living facility or a behavioral/addiction treatment center. Its central location offers convenient access for staff, patients, and families within the Louisville market. The property's location near the I-264/Newburg Road interchange provides excellent interstate visibility. Its proximity to the Louisville Muhammad Ali International Airport, Kentucky Kingdom Theme and Water Park, Churchill Downs, the University of Louisville’s football stadium, and the Kentucky Fair and Exposition Center positions it well for hotel demand. The saltwater pool, meeting rooms, lakefront setting, and traditional architectural style may appeal to the bourbon tourism community visiting Louisville. Additionally, the property's location near Sullivan University, Bellarmine University, the University of Louisville, the downtown medical center, and the St. Matthews medical district could attract multi-family tenants.
Key Highlights
- Large 142,754 SF building with 257 rooms on 5.29 acres.
- Benefit from 341 parking spaces.
- Central location with convenient access to I‑264.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Explore this area
Business Placement
Demographics for 40213, KY
16,698
Population
7,730
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
9.6 sq mi
ZIP Area
1,739
Density / Sq Mi
$60,734
Median Household Income
$38,595
Median Earnings
$952
Median Rent
$169,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 142,754 SF building on 5.29 acres with 341 parking spaces.
Where is this apartment building located?
The property is located at 4004 Gardiner Point Drive Louisville, KY.
What is the asking price?
The asking price for this property is $9,950,000.
What are key features of this property?
This property features: Large 142,754 SF building with 257 rooms on 5.29 acres.; Benefit from 341 parking spaces.; Central location with convenient access to I‑264.
