Drive-Through Restaurant
For Sale
Contact for pricing
5101 Preston Highway, Louisville, KY 40213
C-1 Commercial zoning, multiple access points, and an established restaurant layout support varied commercial uses.
Property Size2,744 SF
Lot Size0.64 Acres
Price / SF$327.62
Days on Market54
Property Features for 5101 Preston Highway
General Information
Standard status
Active
Size
2,744 SF
Lot size
0.64 Acres
Property subtype
Retail
Zoning
C-1
Site & Location
Drive-Thru
Yes
Pylon Signage
Yes
Traffic Count
24,463 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$899,000
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Exp Commercial
Listed By:
Nour Kurdi · License #KY 285550
(502) 424-9484
Source:
Crexi
Added: Aug 18
Changed: Sep 12
Last Checked: Oct 9 at 5:26PM
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 Exp Commercial
Investment Insights
Based on property information with market context.
Former Wendy’s restaurant property comprising approximately 2,744 square feet on approximately 0.64 acres. The site includes an existing drive-thru, on-site parking, roadside and pylon signage, and multiple access points. C-1 Commercial zoning supports a broad range of commercial uses, while the existing configuration may accommodate restaurant, retail, professional service, or other commercial operations.
The property is positioned along Preston Highway (KY 61) in Louisville, with approximately 24,463 vehicles per day recorded in 2023 according to a 2025 Kentucky Transportation Cabinet corridor study. Traffic is projected to reach approximately 30,056 vehicles per day by 2045. The location also offers access to I-65 and is near Louisville Muhammad Ali International Airport and UPS Worldport, with established commercial businesses, residential neighborhoods, and employment centers in the surrounding area.
The property is positioned along Preston Highway (KY 61) in Louisville, with approximately 24,463 vehicles per day recorded in 2023 according to a 2025 Kentucky Transportation Cabinet corridor study. Traffic is projected to reach approximately 30,056 vehicles per day by 2045. The location also offers access to I-65 and is near Louisville Muhammad Ali International Airport and UPS Worldport, with established commercial businesses, residential neighborhoods, and employment centers in the surrounding area.
Key Highlights
- Approximately 2,744 SF building on approximately 0.64 acres
- Existing drive‑thru with restaurant configuration
- C‑1 Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,562
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,240
$771.2K
Cap Rate 7%
$550,886
$550.9K
Cap Rate 9%
$428,467
$428.5K
Market Conditions
NOI Build-Up for 2,744 SF
Gross rent
$55.0K $20.04/SF
− Vacancy
−$3.6K −$1.30/SF
EGI
$51.4K $18.74/SF
− OpEx
−$12.9K −$4.68/SF
NOI
$38.6K $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%
$771,240
Cap Rate 7%
$550,886
Cap Rate 9%
$428,467
Alternative Uses
Best Use
Specialty Retail
$550.9K
$482.0K – $642.7K
NOI $38,562 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$711.2K
$622.3K – $829.8K
NOI $49,787 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
24,463 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 41%
Home Improvements & Furnishings 7%
Hotels & Casinos 5%
Circle K
Shops & Services
16,087 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
12,353 visits/mo
0.1 miles
Waffle House
Dining
8,191 visits/mo
0.5 miles
Thorntons
Shops & Services
8,186 visits/mo
0.3 miles
Dollar General
Shops & Services
4,533 visits/mo
0.1 miles
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - C-1 Commercial zoning, multiple access points, and an established restaurant layout support varied commercial uses.
Where is this drive through restaurant located?
The property is located at 5101 Preston Highway Louisville, KY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Approximately 2,744 SF building on approximately 0.64 acres; Existing drive‑thru with restaurant configuration; C‑1 Commercial zoning
