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

For Sale

940 E Muhammad Ali Blvd, Louisville, KY 40204

This Louisville property for sale is located at 940 E Muhammad Ali Blvd. The current listed sale price for Value-Add, Mixed Use Building & C-Store Business is $685,000. Value-Add, Mixed Use Building & C-Store Business is situated on a lot that is 4,011 acre in size.

Contacts

broker

Sam Griffin

eXp Commercial

(502) 640-3622

Property Details

  • Property Type Retail - Street Retail
  • Property Size 5,934 SF
  • Lot Size 4,011 Acre
  • Year Built 1999
  • Date Updated Apr 3, 2024
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]

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Highlights

  • OR2, C1 Zoning (owners are in the process of getting the entire property zoned C-1)
  • Recognized and established business presence with a lot of organic foot traffic
  • Includes: Liquor, Grocery, and Deli Licenses, as well as all equipment and inventory
  • Seller’s Discretionary Earnings (2022): $124,000
  • Growing neighborhood on the edge of NULU, Old Louisville, and the Highlands
  • Years built 1885 & 1900
  • Second story could be converted into 1 or 2 apartments for additional cash flow

Getting around

  • 86/100

    Walk Score ®

  • 51/100

    Transit Score ®

  • 81/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Louisville, KY
  • Neighborhood Phoenix Hill
  • Zip Code 40204
  • Market Louisville

Points of Interest

  • ChargePoint

    0.90 miles

  • Shell

    0.99 miles

  • Thortons Gas

    1.04 miles

  • Speedway

    1.07 miles

  • LouLift Electric Bus Charger

    1.26 miles

  • Thornton's Gas & Minimart

    1.71 miles

  • Shell

    1.84 miles

  • Speedway

    1.86 miles

  • Kroger Fuel Center

    1.90 miles

  • Speedway

    2.04 miles

  • Parking Garage and Institutional Services Building

    0.56 miles

  • U of L Physicians Outpatient Center Parking Garage

    0.62 miles

  • Jewish Hospital Parking Garage

    0.79 miles

  • Jewish Hospital Parking Garage

    0.81 miles

  • Riverside Parking

    0.82 miles

  • Jewish Hospital Parking Garage

    0.83 miles

  • Le petit Parking

    0.86 miles

  • Green Parking Lot

    0.91 miles

  • Orange Parking

    0.93 miles

  • Purple Parking

    0.94 miles

  • Ward 426

    0.23 miles

  • Rye

    0.29 miles

  • Feast BBQ

    0.32 miles

  • Decca

    0.33 miles

  • Grind Burger Kitchen

    0.35 miles

  • Mayan Cafe

    0.36 miles

  • Royals Hit Chicken

    0.36 miles

  • Spinelli's Pizza

    0.40 miles

  • Morels Cafe

    0.41 miles

  • HI-Five Doughnuts

    0.41 miles

  • Bourbon Barrel Foods

    1.14 miles

  • Dollar General

    1.33 miles

  • Mid City Mall

    1.35 miles

  • Kroger

    1.55 miles

  • Kroger

    1.80 miles

  • Bombay International

    2.07 miles

  • The POD

    2.52 miles

  • Kroger

    3.13 miles

  • Pic-Pac

    3.71 miles

  • Aldi

    3.72 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Sam Griffin

eXp Commercial

(502) 640-3622