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Red Carpet Inn Louisville 1640 S Hurstbourne Pky 174 Room Hotel Louisville, KY 40220 $8,873,424 CAD ($50,997 CAD/Room)
Investment Highlights
- Strategic location along Hurstbourne Parkway, one of Louisville's primary commercial and business corridors with strong daily traffic.
- Positioned near major employment hubs including the Hurstbourne office corridor, Bluegrass Industrial submarkets, and healthcare-related employers.
- Located within Louisville's established East End submarket, an area known for strong household income and dense residential neighborhoods.
Executive Summary
1640 S. Hurstbourne Parkway presents a compelling redevelopment opportunity within one of Louisville’s most established and active commercial corridors. Positioned along the highly trafficked Hurstbourne Parkway corridor near Interstate 64, the property benefits from exceptional regional connectivity and visibility in the heart of Louisville’s East End. The surrounding area has long served as a major hub for office, hospitality, retail, and restaurant activity, drawing both local consumers and business travelers from across the metropolitan area. Public records identify the site as a roughly 4.99-acre commercially zoned parcel currently operating as a hotel property, creating strong potential for repositioning into a higher-value mixed-use, hospitality, retail, or multifamily-oriented development.
Recent development discussions and proposed projects throughout the broader Hurstbourne corridor further highlight continued investor interest and growth momentum in the area. New retail and mixed-use proposals along South Hurstbourne Parkway reflect ongoing expansion pressures and demand for updated commercial product types as Louisville’s East End continues evolving.
Recent development discussions and proposed projects throughout the broader Hurstbourne corridor further highlight continued investor interest and growth momentum in the area. New retail and mixed-use proposals along South Hurstbourne Parkway reflect ongoing expansion pressures and demand for updated commercial product types as Louisville’s East End continues evolving.
Property Facts
| Price | $8,873,424 CAD | Building Size | 83,284 SF |
| Price Per Room | $50,997 CAD | No. Rooms | 174 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Redevelopment Project | Year Built | 1974 |
| Property Type | Hospitality | Parking Ratio | 3/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Cross Streets | I-64 |
| Lot Size | 4.99 AC | ||
| Zoning | 410 | ||
| Price | $8,873,424 CAD |
| Price Per Room | $50,997 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.99 AC |
| Building Size | 83,284 SF |
| No. Rooms | 174 |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 3/1,000 SF |
| Corridor | Exterior |
| Cross Streets | I-64 |
| Zoning | 410 |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 174 | $81.69 CAD | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 003801080000 | Improvements Assessment | $4,663,168 CAD |
| Land Assessment | $2,037,254 CAD | Total Assessment | $6,700,421 CAD |
Property Taxes
Parcel Number
003801080000
Land Assessment
$2,037,254 CAD
Improvements Assessment
$4,663,168 CAD
Total Assessment
$6,700,421 CAD
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Red Carpet Inn Louisville | 1640 S Hurstbourne Pky
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