Value-Add, Mixed Use Building & C-Store Business

Growing neighborhood on the edge of NULU, Old Louisville, and the Highlands.Mixed-use opportunity - 5,934SF on 0.279 acres just outside of NuLu. Webbs Market, a local convenience store, has been a staple of the Phoenix Hill community for decades. The business and real estate can be purchased as a package for an owner-operator looking to start or expand their convenience store empire. The business occupies the first floor of both 944 & 942 E. Muhammad Ali Blvd, while the second story has remained vacant and requires renovation. Historically, the second story has been utilized as apartments/multifamily. Sale includes liquor, grocery, and deli licenses, all equipment and inventory, and 3 parcels (940, 942 & 944 E Muhammad Ali Blvd). The opportunity poses significant upside for those willing to make the necessary improvements to drive business and add additional rental revenue from the second story. Price Breakdown: Real Estate: $550,000 Business: $200,000 Note the building itself is not generating income through leases as the owner is not paying rent to himself. $124,000 NOI 2022. Listing Contacts: Dylan Gilezan 502-648-7874 [email protected] Sam Higdon 502-235-0629 [email protected]