706 E Broadway Louisville, KY 40202
For Lease
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This exceptional 5,610-square-foot retail/office space presents a unique investment opportunity in Louisville's burgeoning Medical & Education District (LOUMED). The property boasts a Class B, two-story building on a 0.27-acre lot with C-2 zoning, allowing for diverse uses. Its strategic location along East Broadway ensures high visibility and strong pedestrian and vehicle traffic. Ideal for businesses such as medical or dental offices, rehab clinics, boutique retail, liquor stores, cafes, fitness studios, salons, or fast-casual restaurants, this space is perfectly positioned to capitalize on the area's rapid growth. Nearby developments significantly enhance the property's value and potential. The $113 million Prestonian development (400 feet away) will add 373 affordable housing units, boosting demand for local services. The $50 million+ LOUMED revitalization (0.5 miles away) is transforming the district into a healthcare and innovation hub. Furthermore, the $28 million Paristown Pointe expansion (0.6 miles away) brings new residential, office, and entertainment options, further stimulating economic activity. This single-tenant space offers a competitively priced entry point into one of Louisville's most promising growth corridors. The property is available for immediate lease.
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Fashion Mart (Bike/Boat/Book/etc) Store Cosmetic Store
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 · 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.