Retail Space / Kentucky / Louisville / 40204 / 940 East Muhammad Ali Boulevard

940 East Muhammad Ali Boulevard

Q: What is the asking price for 940 East Muhammad Ali Boulevard in Louisville?

The asking price for 940 East Muhammad Ali Boulevard is $685,000

Q: What is the building size of this Retail property in Louisville, KY?

The size of the building/unit at 940 East Muhammad Ali Boulevard in Louisville is 5,934 square feet.

Q: How much land does the Louisville, KY property at 940 East Muhammad Ali Boulevard include?

940 East Muhammad Ali Boulevard in Louisville includes 0.279 acres of land.

Q: What kind of Retail is the propery at 940 East Muhammad Ali Boulevard?

The property at 940 East Muhammad Ali Boulevard Louisville, KY 40204 is listed as a Gas/Convenience Retail property.

Q: What is the population within 1 mile of 940 East Muhammad Ali Boulevard?

The population within 1 mile of 940 East Muhammad Ali Boulevard Louisville, KY 40204 is 14,305 people.

Q: Who do I contact for questions about 940 East Muhammad Ali Boulevard?

You should contact the listing agent, Stephanie Gilezan, for any details regarding this commercial listing.

Louisville, KY 40204

Listing ID: 308013

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940 East Muhammad Ali Boulevard Louisville, KY 40204 | for Sale | Photo 1

Building Size: 5,934 SF

Lot Size: 0.279 AC

Land Size: 12,153 SF

Building $/SF: $126.39

Land $/SF: $61.71

Price

$685,000

Property Highlights

OR2, C1 Zoning (owners are in the process of getting the entire property zoned C-1)

Includes: Liquor, Grocery, and Deli Licenses, as well as all equipment and inventory

Seller’s Discretionary Earnings (2022): $124,000

Recognized and established business presence with a lot of organic foot traffic

Growing neighborhood on the edge of NULU, Old Louisville, and the Highlands

Second story could be converted into 1 or 2 apartments for additional cash flow

Description

Mixed-use opportunity - 5,934SF on 0.279 acres just outside of NuLu. Webbs Market, a local convenience store, has been a staple of the Phoenix Hill community for decades. The business and real estate can be purchased as a package for an owner-operator looking to start or expand their convenience store empire. The business occupies the first floor of both 944 & 942 E. Muhammad Ali Blvd, while the second story has remained vacant and requires renovation. Historically, the second story has been utilized as apartments/multifamily.
Sale includes liquor, grocery, and deli licenses, all equipment and inventory, and 3 parcels (940, 942 & 944 E Muhammad Ali Blvd).
The opportunity poses significant upside for those willing to make the necessary improvements to drive business and add additional rental revenue from the second story.
Price Breakdown:
Real Estate: $550,000
Business: $200,000
Note the building itself is not generating income through leases as the owner is not paying rent to himself. $124,000 NOI 2022.
Listing Contacts:
Dylan Gilezan 502-648-7874 Dylan@gilezanteam.com
Sam Higdon 502-235-0629 samghigdon@gmail.com

Traffic Counts

Points of Interest & Demographic Radii

Points of Interest

Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Louisville History of Retail Space for Sale

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Listing Demographics for 940 East Muhammad Ali Boulevard Louisville, KY 40204

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		14,305	111,012	259,150
Population Median Age		39	38	39
Population by Age	0-9 Yrs	821 (5%)	10188 (9%)	30396 (11%)
	10-19 Yrs	1063 (7%)	12258 (11%)	30317 (11%)
	20-29 Yrs	2986 (20%)	23021 (20%)	43138 (16%)
	30-39 Yrs	3153 (22%)	17654 (15%)	36347 (14%)
	40-49 Yrs	1751 (12%)	12527 (11%)	29293 (11%)
	50-59 Yrs	1909 (13%)	13134 (11%)	33468 (12%)
	60-69 Yrs	1802 (12%)	12582 (11%)	30955 (11%)
	70+ Yrs	821 (5%)	9648 (8%)	25235 (9%)

Median HH Income		$29,289	$45,357	$45,233
Total Household Income	< 24K	3283 (45%)	15410 (30%)	32067 (28%)
	25-49K	1442 (20%)	12137 (23%)	28646 (25%)
	50-74K	854 (11%)	8351 (16%)	18513 (16%)
	75-99K	494 (6%)	5087 (10%)	11178 (10%)
	100-199K	973 (13%)	7706 (15%)	16394 (14%)
	200K+	126 (1%)	1925 (3%)	4968 (4%)

Highest Education Level	No Diploma	1319	7591	20794
	Diploma or GED	3297	18088	49131
	Some College	2935	17426	40256
	Assoc. Degree	693	4759	12133
	Bachelors Degree	1803	16543	32413
	Higher Degree	1388	12492	23492

Total Housing Units		8,312	58,668	129,556
--Owner-Occupied		1,851	21,133	56,399
--Renter-Occupied		5,320	29,482	55,366
Owner-Occupied Values	< 100K	263	4147	17054
	100-199K	969	7896	18251
	200-299K	420	4176	9087
	300-399K	98	2124	5211
	400-499K	48	1025	2398
	500K+	54	1765	4397

Total Working Age Population		12,855	95,321	211,808
In Work Force		7,097	60,183	133,855
Not In Work Force		5,757	35,138	77,952
Workforce Employed		6,625	56,379	124,433
Workforce Unemployed		472	3,712	9,213
Civlian Workforce		7,097	60,091	133,645
Military Workforce		0	92	210

Total Households		7,171	50,615	111,765
Family Households		2,143	20,325	55,103
Non-Family Households		5,028	30,290	56,662
Married Couple		1,098	12,085	31,825
Other Family		1,046	8,240	23,278
Married w/Child		159	3,756	10,068
Single Male w/Child		113	745	2,443
Single Female w/Child		460	3,687	9,734

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Indiana	6,080,485	+7	6,483,802	+4	6,738,573	+4	7,014,880
Floyd County	70,823	+5	74,578	+6	78,826	+3	81,345
Clark County	96,472	+14	110,232	+9	119,944	+8	129,070
Kentucky	4,041,769	+7	4,339,367	+4	4,533,464	+4	4,726,382
Jefferson County	693,604	+7	741,096	+7	790,010	+6	837,477

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 940 East Muhammad Ali Boulevard in Louisville?

The asking price for 940 East Muhammad Ali Boulevard is $685,000

What is the building size of this Retail property in Louisville, KY?

The size of the building/unit at 940 East Muhammad Ali Boulevard in Louisville is 5,934 square feet

How much land does the Louisville, KY property at 940 East Muhammad Ali Boulevard include?

940 East Muhammad Ali Boulevard in Louisville includes 0.279 acres of land

What kind of Retail is the propery at 940 East Muhammad Ali Boulevard?

The property at 940 East Muhammad Ali Boulevard Louisville, KY 40204 is listed as a Gas/Convenience Retail property

What is the population within 1 mile of 940 East Muhammad Ali Boulevard in Louisville?

The population within 1 mile of 940 East Muhammad Ali Boulevard Louisville, KY 40204 is 14,305 people.

Who do I contact for questions about 940 East Muhammad Ali Boulevard?

You should contact the listing agent, Stephanie Gilezan, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Louisville Muhammad Ali International Airport (SDF)	5
Blue Grass Airport (LEX)	63
Cincinnati Northern Kentucky International Airport (CVG)	80