0 Mkt Pl Dr Louisville, KY 40229
This exceptional 1.47-acre commercial outparcel presents a unique ground lease opportunity in the thriving Hillview, KY submarket of the Louisville MSA. Located on Preston Highway (KY Route 61), this highly visible lot boasts over 18,000 vehicles per day passing directly in front. The property sits prominently in front of a Price Less Foods anchored shopping center and adjacent to a newly constructed Scooter's Coffee, ensuring high traffic and excellent brand exposure. Its strategic location offers easy access to major thoroughfares, with I-65 and I-265 (Gene Snyder Freeway) less than three miles away. This prime location benefits from the strong retail presence of nearby national brands, including Walmart Supercenter, Tractor Supply Co., Kohl's, Menards, and Lowe's Home Improvement, creating a robust and desirable retail environment. The property is situated in Bullitt County, Kentucky, with a Louisville, KY mailing address and zip code 40229. This outparcel is ideal for a variety of commercial uses, offering significant potential for growth and return on investment. The single-tenancy land is classified as commercial property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.