Property profile

1481 S Shelby St Louisville, KY 40217

FOR SALE
Bars & Pubs
Property ID
US34-0240239
9,704 SF
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Property summary

AI-generated overview

Priced reduced, motivated seller! Incredible opportunity to purchase the "oldest bar in Louisville", the 21st Bar in Germantown and Barrel Room is truly a one of a kind opportunity. This two story building has been operating as a bar, restaurant and music venue for many years with several thousand poured into renovations to preserve it's historic nature while creating a fun venue for both locals and tourists. The first floor of the building includes a fully operational bar/ restaurant with courtyard/patio on one side, and a full music event space with another full bar on the other side. Further opportunity awaits on the second floor with a shell space to meet your buildout dreams. Potentially more bar/restaurant space, coffee shop, nightclub or event space or possibly apartment units, Airbnb units, office or retail? The property has potential for so many uses, even medical m Whatever you desire, this space is a beautiful blank canvas full of windows and natural light, ready for a buyer's vision to be made reality. Even better, this solid structure sits on 0.8443 acres on the corner of S. Shelby Street and E. Burnett Avenue and includes a massive off-street parking lot. A large corner lot is a rare find in the heart of Germantown. So if a bar/restaurant isn’t your desired use, another use on this prime property is easily achievable! AND MORE....The Seller is including FF&E, inventory, liquor license (to be transferred by buyer) and goodwill in the business. Call today for more info! Amanda Helfrich, MAI, Homepage Realty, 502.807.7319

Property profile

Verified
Property type Bars & Pubs
Total area 9,704 SF
UPID US34-0240239

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
  • Restaurant
  • Theater & Performing Art Venue Music Venue
  • Theater & Performing Art Venue Music Venue
  • Restaurant

Location

1481 S Shelby St Louisville, KY 40217
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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More about this property
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