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    5205 New Cut Rd Louisville, KY 40214

    Sponsored
    For Sale
    $4,900,000

    Fully Leased Restaurant Portfolio, High Visibility

    Property size:
    18,697 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in Louisville, KY. Colonial Gardens, a fully leased, multi-tenant restaurant complex, offers a stabilized investment with a 6.0% cap rate. This 18,697 square foot property, built in 2018 and situated on high-traffic New Cut Road across from Iroquois Park Amphitheater, comprises four individual restaurant units operating under NNN leases. The property boasts 74 off-street parking spaces and shared common areas, catering to a diverse clientele drawn to the popular park and its events. The recent complete restoration and renovation have transformed this historic Louisville landmark into a thriving commercial hub. Potential for assumable debt and/or seller financing adds further appeal to this turnkey investment. The property is zoned C-1 and offers significant upside potential given its prime location and strong tenant occupancy. This is a rare opportunity to acquire a well-established, high-performing restaurant portfolio in a desirable Kentucky market. The property's location on a major commuting route ensures high visibility and accessibility, maximizing its potential for continued success. The four units provide diversification and resilience, mitigating risk and enhancing the overall investment value. This offering presents a compelling opportunity for investors seeking a stable, high-return investment with significant growth potential.

    Property Features for 5205 New Cut Rd

    General Information

    Property type
    Restaurants
    Square Feet
    18,697 SF

    Building Details

    Year Built
    2018
    Buildings
    4
    Units
    4

    HighLights

    • Fully leased, multi‑tenant restaurant complex in Louisville, KY with a 6.0% cap rate.
    • 18,697 square foot property on high‑traffic New Cut Road, built in 2018.
    • Four individual restaurant units with NNN leases, 74 parking spaces, and shared common areas.
    • Located across from Iroquois Park Amphitheater, offering high visibility and accessibility.
    • Potential for assumable debt or seller financing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Costa Del Sol ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7787699
    Latitude
    38.1609487

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    FAQs

    What type of property is this?
    Restaurant - Fully Leased Restaurant Portfolio, High Visibility
    Where is this restaurant located?
    The property is located at 5205 New Cut Rd Louisville, KY.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Fully leased, multi-tenant restaurant complex in Louisville, KY with a 6.0% cap rate.; 18,697 square foot property on high-traffic New Cut Road, built in 2018.; Four individual restaurant units with NNN leases, 74 parking spaces, and shared common areas.
    Request Owner's contact information
    5205 New Cut Rd 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
    5205 New Cut Rd Louisville, KY 40214
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