For Sale
786 Eastern Pkwy
786 Eastern Parkway | Louisville, KY 40217-1924, US
price$1,500,000
property typeCommercial Sale
year built1934
highlights
•Contact 502.306.3635 for more information.
•Hard corner at Eastern & Preston with signalized access and dual frontage
•Family Dollar lease through 12/31/2029 (+ option 2030–2034)
•±18,469 SF on ±0.74 AC
•C-1 Zoning
•Vacant / value-add footprint: ±6,200 SF suite & ±1,300 SF suite
•AADT: Eastern 16,480 / Preston 13,522
•Built 1934 / renovated 2020
•Parking ±27 spaces + additional shared
•Owner-users: buy the whole asset with tenants in place and occupy the vacant suite/s
•Investors: Lease-up in progress on the remaining vacancies
•Pricing Guidance: Sale pricing starts at $1,500,000 today and will increase as the two vacancies are leased. Lease rates depend on build-out and terms, $12–$18 PSF range.
property
details
STATUSActive
SALE PRICE PER UNIT$1,500,000
YEAR BUILT1934
PROPERTY TYPECommercial Sale
BUILDING SIZE18,469 SF
LOT SIZE0.741 acres
SALE PRICE$1,500,000
STORIES2
ZONINGC1
DAYS ON MARKET2
property
description
Multi-tenant retail strip on the hard corner of Eastern Parkway and Preston Street (signalized intersection). The strip totals ±18, 469 SF on ±0.74 acres, C-1 zoning, with dual frontage and ±27 parking spots plus shared spaces. Family Dollar (±7, 392 SF) anchors the property at $6, 000/mo through December 31, 2029, with a 5-year option and rent bump ($6, 600/mo) thereafter. Dance studio build-out in progress on ±2, 500 SF of the vacant footprint. Remaining SF offers lease-up and owner-user upside across a ±6, 200 SF suite and a ±1, 300 SF suite with an existing freezer.
location
description
786 Eastern Parkway | Louisville, KY 40217-1924, US
KY Louisville
Dylan Gilezan
KY #274341
(502) 648-7874
Cal Lewellyn
KY #279265
(502) 905-2253
Sam Griffin, CCIM, CBI, NACREP
KY #207824
(502) 640-3622