- For Lease Contact for pricing
- Property Type Retail - Street Retail
- Property Size 18,469 SF
- Date Updated Sep 19, 2026
Description
Louisville KYMulti-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.
Contact 502.306.3635 for more information.
Highlights
- ±18,469 SF on ±0.74 AC
- AADT: Eastern 16,480 / Preston 13,522
- Built 1934 / renovated 2020
- C-1 Zoning
- End-cap with an open floor plan; an existing freezer can convey. Build-out is negotiable. Addition of storefront door and drive through door is planned. It works well for laundry/wash-dry-fold, a catering commissary, specialty food, or other drive-up service.
- Family Dollar lease through 12/31/2029 (+ option 20302034)
- Hard corner at Eastern & Preston with signalized access and dual frontage
- Investors: Lease-up in progress on the remaining vacancies
- Owner-users: buy the whole asset with tenants in place and occupy the vacant suite/s
- Parking ±27 spaces + additional shared
- 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.
- Vacant / value-add footprint: ±6,200 SF suite & ±1,300 SF suite
True
2 Spaces Available
Suite 1
Space Type
Retail
Lease Rate
Contact for pricing
Total Space
7,500 SF
Divisible Space
7,500 - 7,500 SF
Available Date
Immediate
Renewal Option
Yes
Sublease
No
Suite 3
Space Type
Retail
Lease Rate
Contact for pricing
Total Space
1,300 SF
Divisible Space
1,300 - 1,300 SF
Available Date
Immediate
Renewal Option
Yes
Sublease
No
End-cap with an open floor plan; an existing freezer can convey. Build-out is negotiable. Addition of storefront door and drive through door is planned. It works well for laundry/wash-dry-fold, a catering commissary, specialty food, or other drive-up service.
Contacts
Dylan Gilezan
Location
Located at 786 Eastern Parkway, Louisville, KY 40217, this property is part of the Saint Joseph neighborhood and Louisville market.
Contact Listing Broker
Dylan Gilezan
