Property profile

118 Bauer Ave Louisville, KY 40207

FOR SALE
Storefront properties
Property ID
US34-Q011375
Built 1925
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Property summary

AI-generated overview

This is your opportunity to own prime commercial retail space in the heart of St. Matthews. This property benefits from excellent visibility and prime building and monument signage at the highly, desirable crossroads of Bauer Avenue, Lexington Road and Frankfort Avenue. Its strategic location offers convenience to surrounding, affluent neighborhoods, proximity to major interstates, and access to an abundance of restaurants, shopping centers, retailers, office buildings/business centers, schools, and banks. This property consists of two (2) buildings with a combined square footage of ~7,587 Sq Ft., situated on 0.2686 acres. The property is zoned C-2. There are 10 dedicated parking spaces in the side parking lot, 3 dedicated parking spaces in front of the property and 6 dedicated parking spaces in the rear of the property (accessible via the rear commercial alley). 118 Bauer Avenue is a ~3,587 Sq Ft free-standing building with two (2) prominent monument signs, formerly leased by Conner’s Kitchens, Bath & Flooring. The current floor plan features: five (5) private offices, one (1) conference room, three (3) restrooms, one (1) large showroom, two (2) storage rooms, one (1) break room & kitchenette, one (1) staircase to the second floor, one (1) front entrance with reception and waiting room, and one (1) side door. 116 Bauer Avenue is a two-story ~4,000 Sq Ft free-standing building consisting of ~2,000 Sq Ft on each floor. The first floor was formerly utilized as a hair salon but could be used for a multitude of purposes. The current floor plan features: one (1) restroom, one (1) break room/kitchenette, two (2) mechanical rooms, one (1) front entrance, and one (1) rear door. The second floor is built out as general office space but could be easily converted to apartments. The current floor plan features: five (5) private offices, two (2) large, open workspaces, two (2) restrooms, one (1) storage room, one (1) mechanical room, two (2) hallways, one (1) side courtyard main entrance connected to a large, open reception and waiting room, and one (1) front door/staircase connected to a foyer entry. Please contact the listing agents for further details. Located in the heart of St. Matthews. This property benefits from excellent visibility and prime building and monument signage at the highly, desirable crossroads of Bauer Avenue, Lexington Road and Frankfort Avenue. Its strategic location offers convenience to surrounding, affluent neighborhoods, proximity to major interstates, and access to an abundance of restaurants, shopping centers, retailers, office buildings/business centers, schools, and banks.

Property profile

Verified
Property type Storefront properties
Year built 1925
UPID US34-Q011375

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
Google Maps

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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