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3130 Portland Ave 9,300 SF Retail Building Louisville, KY 40212 $995,000 ($106.99/SF) 11.84% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate-guaranteed lease with ~3 years remaining
- Dense residential trade area: 208,204 people within 5 miles
- Passive income with repositioning upside
EXECUTIVE SUMMARY
Helios Investment Services proudly presents an exceptional value-add opportunity: a 9,258 SF single-tenant retail asset located at 3130 Portland Ave in the thriving city of Louisville, KY. Formerly occupied by CVS Pharmacy, this free-standing building is backed by a corporate lease guarantee with approximately three years of passive income remaining, making it an ideal acquisition for investors seeking short-term cash flow with long-term repositioning potential.
This legacy drugstore location has served the community since 1962, anchoring a vibrant retail corridor with neighboring tenants including Kroger, Family Dollar, Save A Lot, Long John Silver’s, and more. With a 5-mile population exceeding 208,000 residents and annual healthcare spending in the area topping $96 million, the demographic fundamentals are robust and pharmacy demand remains high.
Located in the Portland neighborhood, the property offers excellent visibility and access, just minutes from downtown Louisville and the University of Louisville. Positioned near major freeways including I-64 and I-264, the site connects easily to broader regional markets.
This legacy drugstore location has served the community since 1962, anchoring a vibrant retail corridor with neighboring tenants including Kroger, Family Dollar, Save A Lot, Long John Silver’s, and more. With a 5-mile population exceeding 208,000 residents and annual healthcare spending in the area topping $96 million, the demographic fundamentals are robust and pharmacy demand remains high.
Located in the Portland neighborhood, the property offers excellent visibility and access, just minutes from downtown Louisville and the University of Louisville. Positioned near major freeways including I-64 and I-264, the site connects easily to broader regional markets.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,300 SF
Building Class
C
Year Built
1962
Price
$995,000
Price Per SF
$106.99
Cap Rate
11.84%
NOI
$117,805
Tenancy
Single
Building Height
1 Story
Building FAR
0.53
Lot Size
0.40 AC
Opportunity Zone
Yes
Zoning
C2 - Commerical
Parking
18 Spaces (1.94 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Retail Center in Portland Please contact the agent for more information about this listing.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 9,300 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 9,300 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 9,300 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
Retail Center in Portland Please contact the agent for more information about this listing.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 010B00210000 | Improvements Assessment | $1,451,010 |
| Land Assessment | $72,330 | Total Assessment | $1,523,340 |
PROPERTY TAXES
Parcel Number
010B00210000
Land Assessment
$72,330
Improvements Assessment
$1,451,010
Total Assessment
$1,523,340
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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3130 Portland Ave
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