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Property profile & analytics
OFF-MARKET
Turn key restaurants

5101 Preston Hwy Louisville, KY 40213-2719

2,744 SF 0.64 ac lot Built 1974
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US34-0034438
Property summary
AI-generated overview

This exceptional 0.64-acre commercial property, located at a signalized intersection on Preston Highway in Jefferson County, presents a prime retail investment opportunity. The property features a 3,602 square foot building, currently occupied by a fast-food/drive-thru restaurant that will soon be vacant, leaving 2,744 square feet available. The building, constructed in 1974, is a single-story structure with 30 parking spaces. The site's strategic location offers unparalleled visibility and accessibility, making it ideal for a variety of retail or restaurant uses. The property is zoned C1 and boasts strong demographics, with approximately 60,000 people residing within a three-mile radius and over 2,700 households within one mile. This presents a unique chance to capitalize on a thriving market, especially considering the seller's closure of similar locations in Louisville, indicating a potential for strong future demand. The lot size is 27,878 square feet, providing ample space for expansion or additional development. This is a rare opportunity to acquire a well-positioned pad site in a high-traffic area with significant growth potential. The property is ready for immediate occupancy and offers a blank canvas for a new business venture.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1974
Total area 2,744 SF
Lot 0.64 ac (27,752 SF)
Zoning code C1-COMMERCIAL
APN 23079800970000
UPID US34-0034438
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
  • Wendy's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
U B Ltd · 6 yrs held
U B Ltd
since 2019
5 recorded transactions
2019
Price N/A
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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