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Property profile & analytics
FOR SALE
Office buildings

713 E Market St Louisville, KY 40202

9,530 SF 0.34 ac lot Built 1860
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US34-0013556
Property summary
AI-generated overview

This exceptional mixed-use property, located at 713 E Market St in Louisville, Kentucky, presents a lucrative investment opportunity. The 9,530 square foot free-standing building sits on a 0.35-acre lot and is zoned C-2 Commercial District. Currently operating as both a gas station and a restaurant, this established business offers immediate income potential for an owner/user. The property's strategic location in Jefferson County, zip code 40202, ensures high visibility and accessibility, benefiting from significant foot and vehicle traffic. The asking price is $4,300,000, translating to $472.19 per square foot. The property is offered under a NNN lease type, minimizing the owner's operational responsibilities. The APN is 017DSROW0000. This turnkey operation is ideal for an investor seeking a strong return on investment in a thriving commercial district. The property's versatility allows for potential expansion or adaptation to suit various business needs within the permitted zoning regulations. This is a rare opportunity to acquire a well-established, high-performing commercial property in a prime Louisville location. Serious inquiries are encouraged.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1860
Total area 9,530 SF
Lot 0.34 ac (14,854 SF)
Zoning code C2-COMMERCIAL
APN 04017D01160000
UPID US34-0013556
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
  • Brightwell Elder and Probate Law - Louisville Law Firm
  • Paletti Jr Paul R Law Firm
  • Sturm Paletti & Peter, PLLC Law Firm
  • Wilson Sr William R Law Firm
  • Paul Paletti Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.05M
Blend (final) Blend
$975k
Owner & transaction history
Pif W Market Louisville LLC · 2 yrs held
Pif W Market Louisville LLC
since 2023
6 recorded transactions
2023
$760,000
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.2M +23.9%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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