- For Sale Subject To Offer
- Property Type Retail - Street Retail
- Property Size 18,469 SF
- Lot Size 0.74 Acre
- Property Tenancy Multi-Tenant
- Year Built 1934
- Year Renovated 2020
- Date Updated Sep 19, 2026
Description
KY LouisvilleMulti-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.
Highlights
- ±18,469 SF on ±0.74 AC
- AADT: Eastern 16,480 / Preston 13,522
- Built 1934 / renovated 2020
- C-1 Zoning
- Contact 502.306.3635 for more information.
- 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
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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
