Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1481 Shelby St Louisville, KY 40217

    For Sale
    $949,000

    Historic Louisville bar, redevelopment potential.

    Property size:
    9,704 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 9,704 sq ft mixed-use property in Louisville, KY, presents a unique investment opportunity. Located at 1481 S Shelby St, this 0.9-acre corner lot (APN 026F00300000) boasts a C-1 zoning designation. The existing two-story building, known as the 21st Bar, currently operates as a bar and restaurant with a music venue, featuring a fully functional first floor with two bars, a courtyard/patio, and a large event space. The second floor offers a substantial shell space, ready for build-out to suit a variety of uses. Potential uses include additional bar/restaurant space, a coffee shop, nightclub, event space, apartment units, Airbnb units, office space, or retail. The property's large off-street parking lot is a significant advantage. The sale includes fixtures, furniture, equipment (FF&E), inventory, and a liquor license (transferable to the buyer). This prime location in Germantown offers high visibility and accessibility, making it ideal for a variety of commercial ventures, including redevelopment. The seller is motivated, presenting a compelling opportunity for a discerning investor.

    Property Features for 1481 Shelby St

    General Information

    Property type
    Restaurants
    Square Feet
    9,704 SF
    Lot Size
    39,204 SF

    HighLights

    • 9,704 SF mixed‑use property on a 0.9‑acre corner lot in Louisville, KY's Germantown neighborhood.
    • Includes building, FF&E, inventory, and a transferable liquor license.
    • Second floor offers 9,704 SF of vacant shell space with utilities ready for build‑out.
    • C‑1 zoning allows for diverse uses, including redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    21st In Germantown Restaurant Muscle Men Male ... Entertainment Agency Illusions the Drag Queen ... Entertainment Agency 21st in Germantown and Barrel ... Restaurant

    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
    -85.7418678
    Latitude
    38.2246972

    Nearby Similar for Sale

    • New
      $415,000
      3,051 SF

      Turnkey Furnished Duplex in Louisville

      Updated, furnished duplex operating as a short-term rental in Beechmont.
      4739 S 3Rd St, Louisville, KY 40214
      View Details
    • $753,027
      3,150 SF

      Residential Farm with Tranquil Setting

      6.69 acre residential farm with pond and wooded privacy.
      14010 Echo Hill Trl, Louisville, KY 40299
      View Details
    • $250,000
      5,446 SF

      Victorian Multi-Family Building in Louisville

      Spacious three-story Victorian multi-family building with fireplaces.
      Louisville, KY 40203
      View Details
    • New
      $600,000
      3,883 SF

      Historic Highlands Triplex Opportunity

      Charming triplex in Louisville's desirable Highlands/Parkside corridor.
      2073 Sherwood Ave, Louisville, KY 40205
      View Details
    • New
      $670,000
      3,731 SF

      Louisville Commercially Zoned Rental Property

      Commercially zoned rental property in Louisville, operating as mid-term rental.
      320 E College St, Louisville, KY 40203
      View Details
    • New
      $465,000
      Pending

      New Duplex in Germantown

      Newly built duplex in Louisville's Germantown neighborhood.
      966 Samuel St, Louisville, KY 40204
      View Details

    FAQs

    What type of property is this?
    Restaurant - Historic Louisville bar, redevelopment potential.
    Where is this restaurant located?
    The property is located at 1481 Shelby St Louisville, KY.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: 9,704 SF mixed-use property on a 0.9-acre corner lot in Louisville, KY's Germantown neighborhood.; Includes building, FF&E, inventory, and a transferable liquor license.; Second floor offers 9,704 SF of vacant shell space with utilities ready for build-out.
    Request Owner's contact information
    1481 Shelby St Louisville, KY 40217
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1481 Shelby St
    Louisville, KY 40217
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1481 Shelby St Louisville, KY 40217
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.