Technical
Financial
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Property profile

118 Bauer Ave Louisville, KY 40207

OFF-MARKET
Lifestyle centers
7,587 SF 0.27 ac lot Built 1925
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Property summary

AI-generated overview

This exceptional commercial property in St. Matthews, KY, presents a unique investment opportunity. Located at the highly desirable intersection of Bauer Avenue, Lexington Road, and Frankfort Avenue, this property boasts excellent visibility and signage opportunities. The two buildings, totaling approximately 7,587 square feet, sit on a 0.269-acre lot and are zoned C-2. Building 118 Bauer Avenue, a 3,587 square foot freestanding building, features five private offices, a conference room, three restrooms, a large showroom, and ample storage. Building 116 Bauer Avenue, a two-story, 4,000 square foot building, offers versatile space currently configured as office space on both floors, with potential for conversion to apartments on the second floor. The property includes 12 dedicated parking spaces in a side lot, 4 in front, and 3 in the rear, accessible via a commercial alley. The buildings may be sold separately, subject to a minor plat and cross-access parking agreement. This property offers significant potential for a variety of retail or commercial uses, benefiting from its proximity to affluent neighborhoods, major interstates, and numerous amenities. The asking price is $1,600,000, with a price per square foot of $210.89. Built in 1925 and 1956, the property offers a blend of character and potential.

Property profile

Verified
Property type Lifestyle centers
Year built 1925
Total area 7,587 SF
Lot 0.27 ac (11,718 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Carpet & Flooring Store Hardware & Home Improvement

Location

118 Bauer Ave Louisville, KY 40207
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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