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Convenience Store Space
For Lease
$2,500/Mo

540 E Gray St, Louisville, KY 40202

Retail space with a walk-in cooler, restroom, street parking, and additional parking behind the building.

Space SizeContact for details
Days on Market93

Property Features for 540 E Gray St

General Information

Standard status Active
Total Parking Spaces 10
Property subtype Retail
Zoning CM
Lease Type Net

Additional Details

Space Use Restaurant

Amenities

walk-in cooler
bathroom
Power
Water
Sewer
Natural Gas
10 Parking Spaces

Building Details

Year Built 1990
Tenancy Multiple Tenants

Spaces For Lease

at 540 E Gray St Contact us

Available Space $2,500/Mo

Contact us
Listing Agency: Venture Realty LLC
Listed By: Dawn Lawrence · License #201952
Source: Kcrea.resimplifi
Added: May 29 Changed: Aug 28 Last Checked: Aug 28 at 6:52AM

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 Venture Realty LLC

Investment Insights

Based on property information with market context.

This 3,299-square-foot retail space is configured for convenience-store use and includes a walk-in cooler, bathroom, street parking, and additional parking at the rear. The building was constructed in 1990 and is zoned CM. Building systems include a roof that is 5 years old and heating equipment that is 6 years old; a new water heater is planned.

The property is steps from the University of Louisville Hospital and nursing school, with a new apartment complex and a daycare also nearby. Its existing retail layout and cooler provide a foundation for continued convenience retail or food-service occupancy, including the pizza or sub shop uses identified for the space.

Key Highlights

  • 3,299 SF retail space with convenience‑store configuration
  • Walk‑in cooler and bathroom included
  • Street parking plus additional parking behind the building

Property Analytics

Current Use

Broad Grocery Grocery & Convenience Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Big Box & Wholesale Store Auto Parts Store Pet Grooming Service Veterinary Clinic

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

NNN (Triple Net)
Lease Type
$1.36 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,464
Businesses Nearby
56k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 42% Dining 40% Apparel 11% Hotels & Casinos 4%
Shell Shops & Services
12,269 visits/mo 0.1 miles
McDonald's Dining
11,315 visits/mo 0.5 miles
Taco Bell Dining
9,038 visits/mo 0.4 miles
Goodwill Apparel
6,293 visits/mo 0.5 miles
Dollar General Shops & Services
4,998 visits/mo 0.4 miles

Demographics for 40202, KY

7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
Median Home Value

Market

Vacancy Rate% for Retail in Louisville, KY

5.4% 2019
5.4% 2020
4.7% 2021
4.8% 2022
5.1% 2023
4.2% 2024
4.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Retail space with a walk-in cooler, restroom, street parking, and additional parking behind the building.
Where is this grocery and convenience store located?
The property is located at 540 E Gray St Louisville, KY.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: 3,299 SF retail space with convenience‑store configuration; Walk‑in cooler and bathroom included; Street parking plus additional parking behind the building
More about this property
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