118 Bauer Ave Louisville, KY 40207
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.
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Conner's Flooring Carpet & Flooring Store Hardware & Home Improvement
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.