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    3039 Breckenridge Ln Louisville, KY 40220

    Sponsored
    For Lease
    $18 SF/Yr

    Successful Neighborhood Center, Anchored by Kroger.

    Lot size:
    29,192 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    McMahan Plaza, a thriving neighborhood center in Louisville's Hikes Point submarket of Jefferson County, presents a unique investment opportunity. This established retail property boasts a diverse tenant mix, anchored by a Kroger Grocery Store and Fuel Center, ensuring consistent traffic and revenue streams. The center's success is evidenced by its over fifty years of operation as a key destination in the community. The property benefits from a high-traffic location at a busy intersection within Hikes Point. Recent renovations have modernized the center, enhancing its appeal to both tenants and customers. With ample parking accommodating 1,334 vehicles, McMahan Plaza offers convenient access for shoppers. The tenant roster includes a mix of national and local restaurants and a variety of other businesses catering to the neighborhood's needs, creating a vibrant and well-rounded retail environment. This established center provides a stable investment with significant potential for future growth. The property's long-standing success and strategic location make it an attractive option for investors seeking a proven, high-performing retail asset. The combination of a strong anchor tenant, diverse tenant mix, and convenient location positions McMahan Plaza for continued success in the years to come.

    Property Features for 3039 Breckenridge Ln

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,192 SF

    Unit(s) available at that property

    Space
    A5
    Size
    1,400 SF
    Rate per SF
    $18
    Space
    A14
    Size
    722 SF
    Space
    D2
    Size
    2,750 SF
    Space
    D10
    Size
    18,000 SF
    Space
    E6
    Size
    5,000 SF
    Space
    F3
    Size
    1,320 SF

    HighLights

    • Retail property in Jefferson County's Hikes Point submarket.
    • Neighborhood center anchored by Kroger Grocery Store and Fuel, with diverse national and local tenants.
    • High‑traffic location at a busy Hikes Point intersection.
    • Recently remodeled.
    • Features 1,334 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Little Clinic Walk-In Clinic Kroger Floral Florist Amanda Dewees Family Practice Physician MoneyGram Money Transfer Service Ria Money Transfer ... Money Transfer Service

    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
    -85.626977887941
    Latitude
    38.217626585221

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    FAQs

    What type of property is this?
    Neighborhood center - Successful Neighborhood Center, Anchored by Kroger.
    Where is this neighborhood center located?
    The property is located at 3039 Breckenridge Ln Louisville, KY.
    What is the lease rate?
    The lease rate is $0.00-$18 SF/Yr.
    What are key features of this property?
    This property features: Retail property in Jefferson County's Hikes Point submarket.; Neighborhood center anchored by Kroger Grocery Store and Fuel, with diverse national and local tenants.; High-traffic location at a busy Hikes Point intersection.
    Request Owner's contact information
    3039 Breckenridge Ln Louisville, KY 40220
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    Louisville, KY 40220
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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
    3039 Breckenridge Ln Louisville, KY 40220
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