4000 Taylorsville Rd Louisville, KY 40220

This exceptional investment opportunity presents a 10,970 square foot vacant former Rite Aid building situated on a 0.8-acre lot in Louisville, KY's densely populated Hikes Point trade area. Located at the intersection of Taylorsville Road and Hikes Lane, this prominent corner location boasts high visibility and accessibility, with daily traffic counts exceeding 30,000 vehicles. The property is a Class A, single-story free-standing building constructed in 1999, zoned C-1. The asking price is $2,490,000, translating to $226.98 per square foot. The property benefits from a prime location near major thoroughfares, including easy access to Interstate 264. The surrounding area features a robust retail environment with numerous national brands, including Kroger, Starbucks, TJ Maxx, and more, serving a population exceeding 100,000 within a three-mile radius. The lease was originally a 20-year NNN lease with a corporate guarantee, commencing May 10, 2005, and expiring May 9, 2025, leaving approximately 2.6 years remaining. This presents a unique chance to acquire a fee-simple interest in a strategically located retail property with significant redevelopment potential in a high-demand area. The property's location and size make it ideal for a variety of retail uses. The property is currently vacant.