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    5101 Preston Hwy Louisville, KY 40213

    Sponsored
    For Lease
    Contact for pricing

    High-visibility retail pad, 2,744 SF vacant.

    Lot size:
    3,602 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.64-acre commercial property, located at a signalized intersection on Preston Highway in Jefferson County, presents a prime retail investment opportunity. The property features a 3,602 square foot building, currently occupied by a fast-food/drive-thru restaurant that will soon be vacant, leaving 2,744 square feet available. The building, constructed in 1974, is a single-story structure with 30 parking spaces. The site's strategic location offers unparalleled visibility and accessibility, making it ideal for a variety of retail or restaurant uses. The property is zoned C1 and boasts strong demographics, with approximately 60,000 people residing within a three-mile radius and over 2,700 households within one mile. This presents a unique chance to capitalize on a thriving market, especially considering the seller's closure of similar locations in Louisville, indicating a potential for strong future demand. The lot size is 27,878 square feet, providing ample space for expansion or additional development. This is a rare opportunity to acquire a well-positioned pad site in a high-traffic area with significant growth potential. The property is ready for immediate occupancy and offers a blank canvas for a new business venture.

    Property Features for 5101 Preston Hwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,602 SF

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,744 SF

    HighLights

    • High‑visibility pad site at a signalized intersection on Preston Hwy.
    • 0.64‑acre parcel with a 2,744 SF soon‑to‑be‑vacant fast‑food/drive‑thru building.
    • Strong demographics: ~60,000 population within 3 miles and 2,700+ households within 1 mile.
    • Seller is closing similar Louisville locations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wendy's Fast Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7122459
    Latitude
    38.1746148

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    FAQs

    What type of property is this?
    Restaurant - High-visibility retail pad, 2,744 SF vacant.
    Where is this restaurant located?
    The property is located at 5101 Preston Hwy Louisville, KY.
    What are key features of this property?
    This property features: High-visibility pad site at a signalized intersection on Preston Hwy.; 0.64-acre parcel with a 2,744 SF soon-to-be-vacant fast-food/drive-thru building.; Strong demographics: ~60,000 population within 3 miles and 2,700+ households within 1 mile.
    Request Owner's contact information
    5101 Preston Hwy Louisville, KY 40213
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    Louisville, KY 40213
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5101 Preston Hwy Louisville, KY 40213
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