Mixed-Use Asset | Stabilized Occupancy | Louisville KY

Fully renovated mixed-use investment property directly across from Louisville's iconic Logan Street Market — the city's only public market and the anchor driving Shelby Park's rapid transformation. This 3, 432 SF, two-story Class A building was completed down to the studs in 2023 with high-end finishes, contemporary fixtures, and oversized windows throughout. The ground floor delivers a versatile retail/office space currently leased formally at $3, 000/month and stepped to $3, 500/month in March 2025 on a four-year term ending March 2029 with no rent escalations. The upper level features two separately metered, fully furnished one-bedroom/one-bathroom apartments leased at $2, 000/month each, generating consistent total $4, 000/month residential income. Apartment 1 lease ends December 31, 2026. Apartment 2 lease ends May 2027. The numbers work on day one: $850, 000 asking price, $79, 416 pro-forma NOI, and a 9.34% cap rate — with built-in upside as the commercial lease escalation takes effect and residential rents track the neighborhood's upward trajectory. This is a stabilized, income-producing asset in the path of growth — ideal for investors seeking a passive hold with upside, or owner-operators looking to run a street-level business with residential income above. The renovation quality eliminates near-term capital expenditure concerns, and the Logan Street Market adjacency provides a built-in demand driver for both tenants and future buyers. Showings by appointment: contact Rachel Friedman - [email protected] or call 561-537-6464.