Oak Medical 330 E Oak St 5,229 SF 100% Leased Office Building Louisville, KY 40203 $550,000 ($105.18/SF) 7.64% Cap Rate

Now rezoned with C-2 zoning, the strongest business use is usually a neighborhood-scale commercial use that can survive on low foot traffic and low neighborhood spending power. Louisville’s C-2 district allows all C-1 uses plus additional commercial and light commercial-type uses, so the best fit is typically a practical service.
The building is currently divided evenly, but can be made into a full 5,195 Sqft commercial building built in 1973 on a 7,174 Sqft lot and located in the Shelby Park neighborhood in Louisville. It was fully renovated into a white box condition in 2025.
Current features are: parking lot, 4 restrooms, reception, several offices, kitchenette, conference room and large open area. A warehouse door or drive-thru/ walk up window would be allowable.
The front of the billboard is included in the sale and brings in $6,000/year for the next 13 years ($78,000).
Best-fit uses
-Convenience-oriented retail or service: neighborhood market, phone repair, laundromat, barber/beauty, check-cashing, or similar needs-based use.
-Auto-oriented or light commercial uses as the lot, access, and parking support it.
-Contractor or service company office with a small pickup/drop-off component
-Small restaurant or quick-service carryout or drive thru
Public-facing government or quasi-government offices could benefit from being in this area. Best agency types:
-Housing assistance or housing counseling offices, including rental assistance intake or public housing-related services.
-Community development or neighborhood stabilization offices that handle vacant properties, blight, and rehab programs.
-Social service intake sites for benefits, family support, or emergency assistance.
-Code enforcement, property maintenance, or nuisance-abatement field offices.
-Reentry, workforce, or case-management satellite offices that need to be close to underserved residents.
-Programs tied to housing, public assistance, neighborhood stabilization, code enforcement, reentry support, satellite service center