706 Broadway Louisville, KY 40202
- Retail space
- 11,220 SF
- 0.27 lot acres
Current Use by Public Records
- Fashion Mart / Beauty Supply Store / Hair Care
Property Details for 706 Broadway
- Year built
- 1954
- Lot size
- 0.27 lot acres
- Property size
- 11,220 SF
- Zone code
- C2-COMMERCIAL
- Property type
- Retail space
- APN
- 09021B02160000
- APU
- 09021B02160000
Description
This exceptional 5,610-square-foot retail/office space presents a unique investment opportunity in Louisville's burgeoning Medical & Education District (LOUMED). The property boasts a Class B, two-story building on a 0.27-acre lot with C-2 zoning, allowing for diverse uses. Its strategic location along East Broadway ensures high visibility and strong pedestrian and vehicle traffic. Ideal for businesses such as medical or dental offices, rehab clinics, boutique retail, liquor stores, cafes, fitness studios, salons, or fast-casual restaurants, this space is perfectly positioned to capitalize on the area's rapid growth. Nearby developments significantly enhance the property's value and potential. The $113 million Prestonian development (400 feet away) will add 373 affordable housing units, boosting demand for local services. The $50 million+ LOUMED revitalization (0.5 miles away) is transforming the district into a healthcare and innovation hub. Furthermore, the $28 million Paristown Pointe expansion (0.6 miles away) brings new residential, office, and entertainment options, further stimulating economic activity. This single-tenant space offers a competitively priced entry point into one of Louisville's most promising growth corridors. The property is available for immediate lease.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $400,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $415,000
- Mixed-Use
- $415,000
- Hospitality
- $390,000
- Educational
- $480,000
- Residential Income
- $370,000
- Energy
- $480,000
- Income-Based Land
- $385,000
- Food Service
- $365,000
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.7412
- Latitude
- 38.2444
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
