5101 Preston Hwy Louisville, KY 40213-2719
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.
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Wendy's Restaurant Take-out & Catering
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
C1-COMMERCIAL · Louisville, KYLouisville. 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.