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Property profile & analytics
FOR LEASE
Retail space

706 E Broadway Louisville, KY 40202

11,220 SF 0.27 ac lot Built 1954
Individually Owned ~ Est. High Equity
Property ID
US34-2389875
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1954
Total area 11,220 SF
Lot 0.27 ac (11,744 SF)
Zoning code C2-COMMERCIAL
APN 09021B02160000
UPID US34-2389875
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
  • Fashion Mart (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jae Bok Shin
Jae Bok Shin
since 2025
Last sale
$440,000
5 recorded transactions
2026
Price N/A
2026
Price N/A
2025
$440,000
2018
$440,000
2004
$380,000
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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