Neighborhood Retail Center with C-2
For Sale
Contact for pricing
8507 Terry Road, Louisville, KY 40258
Anchored retail center near Louisville featuring a recent roof replacement and C-2 zoning, with a Dollar General renewal through 2034.
Property Size94,229 SF
Price / SF$51.47
Days on Market58
Property Features for 8507 Terry Road
General Information
Standard status
Active
Size
94,229 SF
Property subtype
Retail
Building Details
Year Built
1968
Listing Agency:
Hoagland Commercial Realtors
Listed By:
Chapman Silander · License #KY 252813
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 6 at 9:58AM
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 Hoagland Commercial Realtors
Investment Insights
Based on property information with market context.
Pleasure Ridge Town Centre is a shopping center totaling 94,229 SF on 7.96 acres, presented for sale in Louisville, KY. The property is anchored by Dollar General, which recently renewed through 2034. Ownership has maintained the center, and a full roof replacement was completed in 1Q 2023. The property has also undergone a zoning change to C-2, supporting flexibility for a wider range of retail and commercial uses.
The center is located at 8507 Terry Road. Current information indicates a value-add approach that may include lease-up, market rate renewals, and NNN conversions. The offering also references additional potential pad-sites as part of future development planning. Interested parties can request the full OM and financial package through the listing brokers.
For investors or an owner-occupant, this configuration provides an anchored base tenant alongside opportunities tied to C-2 zoning and operational improvements. The Dollar General renewal through 2034 may support long-term income continuity while a new owner focuses on further stabilization through leasing activity and adjustments to the property’s rent structure and tenant mix, consistent with the provided offering materials.
The center is located at 8507 Terry Road. Current information indicates a value-add approach that may include lease-up, market rate renewals, and NNN conversions. The offering also references additional potential pad-sites as part of future development planning. Interested parties can request the full OM and financial package through the listing brokers.
For investors or an owner-occupant, this configuration provides an anchored base tenant alongside opportunities tied to C-2 zoning and operational improvements. The Dollar General renewal through 2034 may support long-term income continuity while a new owner focuses on further stabilization through leasing activity and adjustments to the property’s rent structure and tenant mix, consistent with the provided offering materials.
Key Highlights
- Pleasure Ridge Town Centre is a 7.96‑acre retail center totaling 94,000+ SF
- Dollar General anchor recently renewed through 2034 (BBB/Baa2)
- Full roof replacement completed in 1Q 2023
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,382 visits/mo
0.1 miles
Demographics for 40258, KY
26,807
Population
11,568
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
88%
High-School Grad
11.7 sq mi
ZIP Area
2,291
Density / Sq Mi
$66,263
Median Household Income
$42,525
Median Earnings
$1,146
Median Rent
$173,100
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
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Similar Off Market Nearby
- Westchester Center — 8513 Terry Rd, Louisville, KY 40258
- Pleasure Ridge Town Centre — 8531Terry Road, Louisville, KY 40258
Frequently Asked Questions
What type of property is this?
Shopping center - Anchored retail center near Louisville featuring a recent roof replacement and C-2 zoning, with a Dollar General renewal through 2034.
Where is this shopping center located?
The property is located at 8507 Terry Road Louisville, KY.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: Pleasure Ridge Town Centre is a 7.96‑acre retail center totaling 94,000+ SF; Dollar General anchor recently renewed through 2034 (BBB/Baa2); Full roof replacement completed in 1Q 2023
