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Property profile & analytics
OFF-MARKET Estimated value $510,000
Turn key restaurants

2118 Bruce Ave Louisville, KY 40218-2633

7,168 SF 0.28 ac lot Built 1950
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US34-2239208
Property summary
AI-generated overview

This exceptional turnkey opportunity presents a thriving Louisville bar and winery, "Off the Rails Tasting Room and Wine Depot," located at 2118 Bruce Ave, Louisville, KY 40218. The property, a two-story Class B building, boasts 7,200 square feet situated on a 0.78-acre lot. Originally constructed in 1950, the building underwent a complete renovation in 2019, ensuring modern amenities and functionality. Currently operating as a successful bar and winery since 2020, this property offers a unique chance for immediate revenue generation. The sale includes all existing equipment, a partial kitchen, and a valuable inventory of bourbon. The new owner can seamlessly continue the established business or implement their own concept, leveraging the existing infrastructure and strong location. The property's prime location in Jefferson County offers excellent visibility and accessibility, making it an attractive investment for both established and aspiring entrepreneurs in the hospitality industry. This is a rare opportunity to acquire a fully operational, renovated commercial property with significant potential for growth and profitability. The property is zoned for commercial use.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 7,168 SF
Lot 0.28 ac (11,979 SF)
Zoning code C2-COMMERCIAL
APN 23012100030004
UPID US34-2239208
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Heritage Electric Inc. Electrical Service General Contractor
  • Off the Rails Tasting Room and Wine Depot Brewery & Distillery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$561k
Blend (final) Blend
$510k
Owner & transaction history
Glabco Investments LLC · 17 yrs held
Glabco Investments LLC
since 2008
7 recorded transactions
2008
$230,000
2008
$230,000
2007
$120,000
2006
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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