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Property profile & analytics
OFF-MARKET Estimated value $500,000
Turn key restaurants

7401 Dixie Hwy Louisville, KY 40258-1405

5,799 SF 0.25 ac lot Built 2003
Individually Owned 5-yr Hold Free & Clear
Property ID
US34-0278697
Property summary
AI-generated overview

This exceptional commercial property, located at 7401 Dixie Highway in Louisville, Kentucky, presents a significant opportunity for retail or restaurant businesses. The property boasts a substantial 112,385 square feet of vacant space within a single-tenant building, situated on a generous 2.58-acre lot. Built in 2003, the structure is zoned C-1 commercial, allowing for a wide range of uses. The building's previous use was a restaurant, offering a potential advantage for similar businesses. This is a ground lease opportunity with a minimum lease term of ten years. The lease is structured as a triple net (NNN) lease, meaning the tenant is responsible for all property taxes, insurance, and maintenance. The tenant will also be responsible for any necessary building and site modifications. The property's prime location in Jefferson County, Kentucky, and its substantial size make it an ideal location for a large-scale retail operation or a significant restaurant redevelopment. The high visibility of the Dixie Highway location ensures excellent exposure to a large volume of potential customers. This is a rare opportunity to acquire a large, well-located commercial property with significant potential for growth and profitability. The property's size and zoning offer considerable flexibility for a variety of commercial ventures. The 2.58-acre lot provides ample space for expansion or additional development. This property is ready for immediate occupancy and offers a unique chance to establish a strong presence in a thriving Louisville market. The zip code is 40258.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2003
Total area 5,799 SF
Lot 0.25 ac (11,016 SF)
Zoning code C1-COMMERCIAL
APN 24103201940000
UPID US34-0278697
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$582k
Blend (final) Blend
$500k
Owner & transaction history
Commonwealte Of Kentucky · 5 yrs held
Commonwealte Of Kentucky
since 2021
Last sale
$41,500
2 recorded transactions
2021
$41,100
2009
Price N/A
Zoning & alternative use
C1-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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