5005 Shelbyville Rd Saint Matthews, KY 40207-3309
The Saint Matthews Gateway, a premier Louisville shopping destination, offers exceptional retail space in a high-traffic location. This single-story, 220,000 square foot building boasts 14 suites, with 23,000 square feet currently vacant. Spaces range from a minimum of 2,000 square feet to a maximum contiguous space of 23,000 square feet, providing flexibility for various retail needs. The property is zoned commercial and situated in the desirable Saint Matthews submarket of Louisville, Kentucky, at 5005 Shelbyville Road, zip code 40207. Its strategic location at the entrance to Saint Matthews' top shopping district benefits from high visibility and accessibility, with Shelbyville Road experiencing 55,000 vehicles per day and I-264 seeing 110,000 vehicles per day. The center attracts approximately 1.9 million visitors annually, anchored by strong national tenants including Best Buy, Total Wine, Ballard Designs, and Golf Galaxy. Texas Roadhouse and McDonald's are conveniently located on the outparcels, further enhancing the property's appeal and foot traffic. This opportunity presents a unique chance to establish or expand a business within a thriving retail environment. The property is ideal for a variety of uses, including medical, barbershop, office, and department store tenants.
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Texas Roadhouse Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2-COMMERCIAL · Saint Matthews, KYSaint Matthews. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.