2119 Old Shepherdsville Rd

2119 Old Shepherdsville Rd, Louisville, KY 40218

Property Information

  • For Sale $700,000
  • Property Type Retail - Street Retail
  • Property Size 5,287 SF
  • Units 1
  • Lot Size 0.32 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1992
  • Year Renovated 2026
  • Date Updated Jul 6, 2026

Description

Located near I-264, Poplar Level Road, Louisville Muhammad Ali International Airport, and UPS Worldport within a well-established Louisville commercial corridor.Exceptional opportunity to acquire a high-yield, income-producing commercial investment in one of Louisville's established commercial corridors. This offering includes three buildings totaling approximately 5,287± square feet and is 100% leased to a strong multi-location day care operator under a five-year lease, providing immediate, predictable cash flow. With an 11% capitalization rate, this property offers investors an attractive return that significantly outperforms many comparable stabilized commercial assets. The lease includes scheduled annual rent increases, providing built-in NOI growth and long-term value appreciation while reducing future leasing risk. Strategically positioned near I-264, Poplar Level Road, Louisville Muhammad Ali International Airport, UPS Worldport, and major employment centers, the property benefits from excellent accessibility, strong surrounding demographics, and continued demand for commercial space in the area. Whether you're completing a 1031 Exchange, seeking to diversify your commercial portfolio, or looking for a stable, cash-flowing asset with immediate returns, this property presents an outstanding investment opportunity.

Highlights

  • 100% occupied by a long-term tenant
  • 11% Cap Rate
  • 5,287± SF across three buildings
  • Asking Price: $700,000
  • Excellent Louisville location with convenient access to major transportation corridors
  • Five-year lease with annual rent escalations
  • Ideal for investors seeking passive income and long-term appreciation
  • Recent capital improvements reduce future maintenance costs
  • Strong in-place cash flow from day one

Contacts

Location

Located at 2119 Old Shepherdsville Rd, Louisville, KY 40218, this property is part of the West Buechel neighborhood and Louisville market.

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