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    7118 Southside Dr Louisville, KY 40214

    Sponsored
    For Sale
    $2,300,000

    11,100 SF Former Rite Aid, High Traffic

    Property size:
    11,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11,100 square foot retail property, formerly a Rite Aid, is situated on a 1.67-acre lot at the highly visible, signalized intersection of Southside Drive (21,000 ADT) and National Turnpike (18,000 ADT) in Louisville, Kentucky. The property boasts a convenient drive-thru, a large pylon sign ensuring excellent visibility, and ample parking with 55+ spaces. Its location within a densely populated residential area, with over 11,000 residents within a one-mile radius, provides a strong customer base. The building is a single-story structure, zoned C1, and features one loading door. The asking price is $2,300,000, and the lease type is NNN. Conveniently located just 2.7 miles from the Watterson Expressway and 7.3 miles from Downtown Louisville, this property offers unparalleled access and exposure. The property's APN is 062F00100000. This is a rare opportunity to acquire a well-positioned retail space with significant potential in a thriving Louisville neighborhood. The property's single-tenancy status offers flexibility for a variety of retail uses. The substantial lot size and high traffic counts make this an ideal investment for discerning buyers seeking a strong return.

    Property Features for 7118 Southside Dr

    General Information

    Property type
    Retail properties
    Square Feet
    11,100 SF
    Lot Size
    72,745 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic corner lot at signalized intersection of Southside Dr (21K ADT) and National Turnpike (18K ADT).
    • Strong demographics: Over 11,000 residents within one mile.
    • Former Rite Aid with drive‑thru.
    • High‑visibility pylon sign.
    • Convenient location: 2.7 miles to Watterson Expressway.
    • Close proximity to Downtown Louisville (7.3 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    higi Health Consultant Kikelomo Olayemi Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -85.7663402
    Latitude
    38.1523025

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    FAQs

    What type of property is this?
    Retail property - 11,100 SF Former Rite Aid, High Traffic
    Where is this retail property located?
    The property is located at 7118 Southside Dr Louisville, KY.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: High-traffic corner lot at signalized intersection of Southside Dr (21K ADT) and National Turnpike (18K ADT).; Strong demographics: Over 11,000 residents within one mile.; Former Rite Aid with drive-thru.
    (502) 454-0911
    Request Owner's contact information
    7118 Southside Dr Louisville, KY 40214
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    Louisville, KY 40214
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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
    7118 Southside Dr Louisville, KY 40214
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