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2407 S Shelby St 1,020 SF 100% Leased Retail Building Louisville, KY 40217 $273,814 CAD ($268.45 CAD/SF) 7.50% Cap Rate
Executive Summary
FOR SALE: Prime Income-Generating Commercial Asset
2047 South Shelby Street, Louisville, KY 40217
Strategically located in the sought-after Schnitzelburg neighborhood, this property offers a turnkey investment opportunity with a stable, long-term tenant. Currently operating as a professional dog grooming facility, the building sits on a high-visibility corner near the intersection of South Shelby and Goss Avenue.
Investment Highlights
Established Tenant: 100% occupied by a specialized pet grooming business
New Long-Term Lease: Tenant has recently signed a two-year lease extension, providing rental income through December 31, 2027. This is a modified lease. Year 1- $1,600 Year 2-$1,625
Location: Situated in the heart of Schnitzelburg/Germantown, one of Louisville’s most active commercial and residential submarkets.
Property Specifications: Approximately 1,100 sq. ft. of interior space on a 3,049 sq. ft. lot. The building features original architectural character, updated interior and specialized plumbing infrastructure suited for the current use.
Zoning: Located within the Urban Center Neighborhood Form District, allowing for high-intensity mixed-use flexibility in a pedestrian-friendly corridor.
Important Showing Information
TENANT-OCCUPIED: This is an active place of business.
DO NOT DISTURB TENANTS
For financial details, lease terms, or to schedule a private tour, please feel free to reach out.
2047 South Shelby Street, Louisville, KY 40217
Strategically located in the sought-after Schnitzelburg neighborhood, this property offers a turnkey investment opportunity with a stable, long-term tenant. Currently operating as a professional dog grooming facility, the building sits on a high-visibility corner near the intersection of South Shelby and Goss Avenue.
Investment Highlights
Established Tenant: 100% occupied by a specialized pet grooming business
New Long-Term Lease: Tenant has recently signed a two-year lease extension, providing rental income through December 31, 2027. This is a modified lease. Year 1- $1,600 Year 2-$1,625
Location: Situated in the heart of Schnitzelburg/Germantown, one of Louisville’s most active commercial and residential submarkets.
Property Specifications: Approximately 1,100 sq. ft. of interior space on a 3,049 sq. ft. lot. The building features original architectural character, updated interior and specialized plumbing infrastructure suited for the current use.
Zoning: Located within the Urban Center Neighborhood Form District, allowing for high-intensity mixed-use flexibility in a pedestrian-friendly corridor.
Important Showing Information
TENANT-OCCUPIED: This is an active place of business.
DO NOT DISTURB TENANTS
For financial details, lease terms, or to schedule a private tour, please feel free to reach out.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
1,020 SF
Building Class
C
Year Built
1985
Price
$273,814 CAD
Price Per SF
$268.45 CAD
Cap Rate
7.50%
NOI
$20,536 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.08 AC
Zoning
C-1 - Neighborhood Commercial Zone
Parking
4 Spaces (3.92 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 024K00060000 | Improvements Assessment | $151,301 CAD |
| Land Assessment | $72,115 CAD | Total Assessment | $223,416 CAD |
Property Taxes
Parcel Number
024K00060000
Land Assessment
$72,115 CAD
Improvements Assessment
$151,301 CAD
Total Assessment
$223,416 CAD
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2407 S Shelby St
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