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Property profile

5530 New Cut Rd Louisville, KY 40214

OFF-MARKET
Neighborhood centers
5,700 SF Built 1964
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Property summary

AI-generated overview

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 profile

Verified
Property type Neighborhood centers
Year built 1964
Total area 5,700 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5530 New Cut Rd Louisville, KY 40214
Louisville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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