Freestanding Retail
6985 DIXIE HWY Louisville, KY 40258
6985 DIXIE HWY, Louisville, KY, 40258
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For Sale
Contact for pricing
Freestanding retail building on a corner parcel with prominent frontage, ample parking, and multiple access points.
Property Size2,610 SF
Price / SF$284.29
Days on Market42
Property Features for 6985 DIXIE HWY
General Information
- Standard status
- Active
- Size
- 2,610 SF
- Property subtype
- Retail, Business for Sale
Building Details
- Year Built
- 1967
Listing agency
Horizon Commercial Realty
Listed by
Jonathan Laise, CCIM · License #KY 265109
Source
Crexi
Added: Jun 12 Updated: Jul 23 at 12:03AM Checked: Jul 23 at 12:03AM
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 Horizon Commercial Realty
Investment Insights
Based on property information with market context.
Freestanding retail building positioned on a corner parcel offering approximately 2,610 SF of functional space. The property is described as having an existing layout well-suited for retail, convenience, restaurant, or service-oriented use, with multiple points of ingress/egress to support customer flow.
The site sits along Louisville’s heavily traveled Dixie Highway corridor and is noted for strong roadway visibility and excellent frontage. Ample on-site parking is available, and prominent pole signage is included to support customer recognition.
With convenient access and a retail-focused configuration, the building is positioned for businesses seeking a dedicated, street-visible presence on a high-traffic corridor.
The site sits along Louisville’s heavily traveled Dixie Highway corridor and is noted for strong roadway visibility and excellent frontage. Ample on-site parking is available, and prominent pole signage is included to support customer recognition.
With convenient access and a retail-focused configuration, the building is positioned for businesses seeking a dedicated, street-visible presence on a high-traffic corridor.
Key Highlights
- Freestanding retail building on a 0.85‑acre corner parcel along Dixie Highway
- Approximately 2,610 SF of functional retail space
- Prominent pole signage and strong roadway frontage
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.0k | $18.00 |
| − Vacancy | −$4.0k | −$1.53 |
| EGI | $43.0k | $16.47 |
| − OpEx | −$12.9k | −$4.94 |
| NOI | $30.1k | $11.53 |
2,610 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$429.9K
$376.1K – $501.5K
NOI $30,091 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$676.5K
$592.0K – $789.3K
NOI $47,356 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Legacy Fine Flowers — 7122 Dixie Hwy, Louisville, KY 40258
FAQs
What type of property is this?
Storefront property - Freestanding retail building on a corner parcel with prominent frontage, ample parking, and multiple access points.
Where is this storefront property located?
The property is located at 6985 DIXIE HWY Louisville, KY.
What is the asking price?
The asking price for this property is $742,000.
What are key features of this property?
This property features: Freestanding retail building on a 0.85‑acre corner parcel along Dixie Highway; Approximately 2,610 SF of functional retail space; Prominent pole signage and strong roadway frontage
