Gardiner Point 4004 Gardiner Point Dr 257 Unit Dormitory $13,764,730 CAD ($53,559 CAD/Unit) Louisville, KY 40213

CBRE has been retained as the exclusive representative to offer Gardiner Point, a 142,754 SF 321-room building located on 5.29 acres with 341 parking spaces located at 4004 Gardiner Point Drive in Louisville, KY, (the “Property”) for sale to qualified buyers. The building was built in 1965 as the Colonel Sanders Inn adjacent to the KFC/YUM campus, and was expanded, renovated and converted into a residence hall for Sullivan University in 2010. The building is conveniently located near the I-264/Newburg Road interchange with great interstate visibility. The central location with access from Louisville’s inner belt (I-264) is a tremendous strength. The Property is in close proximity to the Muhammad Ali Louisville International Airport, Kentucky Kingdom, Churchill Downs, the University of Louisville’s football stadium and the Kentucky Fair and Exposition Center, all of which drive tremendous hotel demand in the area. The saltwater pool, meeting rooms, lakefront setting and traditional architectural style would also appeal to the bourbon tourism community that is visiting Louisville throughout the City.
The building is also equipped with a complete commercial kitchen and restaurant space which would be beneficial for an assisted living use or behavioral/addiction treatment facility. The central location would be appealing to staff, patients and their families coming from within the Louisville market or commuting to the facility. There is also a shortage of affordable housing throughout the city, which could be addressed with this project. In addition, the close proximity to student populations for Sullivan University, Bellarmine University and the University of Louisville and healthcare workers for the downtown medical center and the St. Matthews medical district could represent potential tenants for a multi-family conversion