2720 Frankfort Ave

2720 Frankfort Avenue presents a rare opportunity to acquire a landmark mixed-use investment property in the heart of Louisville's highly sought-after Frankfort Avenue corridor. Anchored by Carmichael's Bookstore, a Louisville institution and long-term tenant with more than 23 years of occupancy and a lease through 2028, the property offers stable in-place income with multiple avenues for future value creation.

The three-story, ±5,791 SF historic building features a well-balanced mix of retail and office space. The entire first floor is occupied by Carmichael's Bookstore, including its rear event space, providing a strong retail anchor and established cash flow. The second floor includes two income-producing counseling suites currently leased to independent therapists, along with a spacious open wellness studio offering additional leasing potential for yoga, fitness, creative office, or professional uses. An unfinished third floor presents a compelling value-add opportunity, with architectural plans available for a future residential apartment conversion.

Situated on one of Louisville's premier neighborhood commercial corridors, the property benefits from exceptional visibility, dedicated rear parking, strong consumer traffic, and an affluent surrounding customer base. The combination of long-term tenancy, flexible mixed-use space, and redevelopment potential creates a unique opportunity for investors seeking both stable income and future upside.

Investment Highlights (For Sale - $1,200,000)

• ±5,791 SF three-story mixed-use building
• Long-Term Retail Tenant since 2003, lease through 2028
• Two leased second-floor counseling suites generating additional income
• Yoga/Wellness Studio - Leased 
• Dedicated rear surface parking
• Architectural plans available for future third-floor residential conversion
• Located in Louisville's vibrant Frankfort Avenue corridor with strong demographics and consistent consumer traffic

PLEASE DO NOT DISTURB THE TENANTS.

Available