6900 Bardstown RdLouisville, KY 40291

Property Details for 6900 Bardstown Rd

Year built

1987

Lot size

5.04 AC

Property size (Sq ft)

63,399 SF

Zone code

C2-COMMERCIAL

Property type

Retail space

APN

23063802820000

APU

23063802820000

Description

Cedar Springs Shopping Center presents a compelling investment opportunity in Louisville, Kentucky's thriving Fern Creek submarket. This 114,907 square foot retail center boasts a strong anchor tenant: a high-performing Kroger grocery store consistently ranking among the chain's top performers in terms of square footage traffic, according to Placer. The center is strategically situated at 6900 Bardstown Road, enjoying excellent visibility and accessibility near the intersection of I-265, a major thoroughfare. Currently, there is 3,225 square feet of vacant space available, including one 1,600 square foot unit, ideal for a variety of retail or office uses. The property's diverse tenant mix, encompassing retail and office spaces, ensures a robust and stable income stream. Located in Jefferson County, Kentucky, zip code 40291, this property benefits from a strong local economy and a dense population base within the Fern Creek area. The available space offers a unique chance to capitalize on the high foot traffic generated by the anchor tenant and the center's prime location. This is an exceptional opportunity to acquire a well-positioned asset in a rapidly growing market. The property's size, tenant mix, and location combine to create a compelling investment proposition for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $11,496,215

  6.5%

  $10,611,891

  7%

  $9,853,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,752,613

  Geo Method

  $13,752,613

• Alternative Use

  Use

  Valuation

  Residential

  $8,951,527

  Hospitality

  $8,199,550

  Educational

  $6,821,930

  Medical

  $7,056,546

  Retail

  $10,611,891

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.1462

Longitude

-85.5876

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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