Renovated Rehabilitation
For Sale
Contact for pricing
8311 Preston Hwy, Louisville, KY 40219
Two-story healthcare facility with commercial kitchen, elevator, and additional structure for future renovation or leasing.
Property Size19,206 SF
Lot Size2.42 Acres
Days on Market143
Property Features for 8311 Preston Hwy
General Information
Standard status
Active
Size
19,206 SF
Elevators
Yes
Lot size
2.42 Acres
Property subtype
Office, Special Purpose
Zoning
C-1, OR-3, R-4 and R-7, Suburban Marketplace Corridor
Occupancy
100%
Additional Details
Cap Rate
9%
Building Details
Year Built
1950
Year Renovated
2021
Buildings
2
Stories
2
Construction
brick
Tenancy
Single
Listing Agency:
Commonwealth Commercial Real Estate
(502) 379-6000
Listed By:
Rhonda Karageorge · License #KY 46762
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 2:05AM
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 Commonwealth Commercial Real Estate
Investment Insights
Based on property information with market context.
The property comprises a 15,990-square-foot, two-story brick rehabilitation center at 8311 Preston Hwy, supported by a commercial kitchen with hood and Ansul system. The building was constructed in 1950 and comprehensively renovated in 2021, with an elevator serving the facility. A separate 3,216-square-foot vacant structure is also included and may be renovated or leased.
The 2.42-acre property is designated across C-1, OR-3, R-4, and R-7 zoning, with a Suburban Marketplace Corridor designation in Jefferson County. Two apartment buildings are situated on the property under a long-term ground lease. The offering is structured as a sale/leaseback and carries a 9% cap rate, with 100% occupancy identified in the listing information.
The 2.42-acre property is designated across C-1, OR-3, R-4, and R-7 zoning, with a Suburban Marketplace Corridor designation in Jefferson County. Two apartment buildings are situated on the property under a long-term ground lease. The offering is structured as a sale/leaseback and carries a 9% cap rate, with 100% occupancy identified in the listing information.
Key Highlights
- 15,990 SF rehabilitation center renovated in 2021
- Separate 3,216 SF vacant structure available for renovation or leasing
- 2.42‑acre property at 8311 Preston Hwy, Louisville, KY
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Explore this area
Business Placement
Demographics for 40219, KY
40,300
Population
16,699
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
2,705
Density / Sq Mi
$52,271
Median Household Income
$37,108
Median Earnings
$967
Median Rent
$186,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - Two-story healthcare facility with commercial kitchen, elevator, and additional structure for future renovation or leasing.
Where is this rehabilitation center located?
The property is located at 8311 Preston Hwy Louisville, KY.
What are key features of this property?
This property features: 15,990 SF rehabilitation center renovated in 2021; Separate 3,216 SF vacant structure available for renovation or leasing; 2.42‑acre property at 8311 Preston Hwy, Louisville, KY
