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    5530 New Cut Rd Louisville, KY 40214

    Sponsored
    For Lease
    $12 SF/Yr ($5,700 /Mo)

    Prime Louisville Retail Space - 5,700 SF Available

    Lot size:
    5,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,700 square foot retail space is located within the thriving Auburndale Village Shopping Center in Louisville, Kentucky. Built in 1964, the property boasts ample parking and is situated at the high-traffic intersection of New Cut and Third Street Roads, ensuring excellent visibility and accessibility. The entire 5,700 square feet is currently vacant, presenting a unique opportunity for a single tenant to establish a prominent presence in a well-established shopping center. The C-2 zoning allows for a variety of retail uses. The center itself comprises 165,000 square feet of retail space and is anchored by a strong mix of national and regional tenants including Kroger, Dollar Tree, PNC Bank, Rally's, Big Lots, Little Caesars, Chase Bank, and Benchmark Physical Therapy. This location benefits from a strong demographic profile, with a one-mile radius encompassing a population of 12,500, an average household income of $60,000, and a daily traffic count of 25,000 vehicles. The property's address is 5530 New Cut Rd, Louisville, KY 40214. This is an ideal opportunity for a business seeking high visibility and a strong customer base in a well-established and successful retail environment.

    Property Features for 5530 New Cut Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,700 SF
    Total Rate
    5700

    Building Details

    Year Built
    1964

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,600 SF
    Rate per SF
    $12

    HighLights

    • Highly desirable Louisville, KY location.
    • Spacious, flexible floor plan.
    • Abundant employee & visitor parking.
    • Excellent street visibility for enhanced marketing.
    • Convenient access to major roadways.
    • Attractive, well‑maintained grounds.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    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
    -85.7758352
    Latitude
    38.1434033

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Louisville Retail Space - 5,700 SF Available
    Where is this neighborhood center located?
    The property is located at 5530 New Cut Rd Louisville, KY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Highly desirable Louisville, KY location.; Spacious, flexible floor plan.; Abundant employee & visitor parking.
    Request Owner's contact information
    5530 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
    5530 New Cut Rd Louisville, KY 40214
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