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344 E Lee St
Louisville, KY 40208
Expressway Liquors · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Dense, Built-In Customer Base – Steps from the University of Louisville, surrounded by students, residents, and steady daily foot traffic that support
  • Business + Real Estate Acquisition – Secure both the operating business and the underlying real estate, offering immediate income with long-term appre
  • Operational Flexibility – Rear storage building supports expanded inventory, efficient operations, or future concept enhancements under active ownersh
  • Rare On-Premise Consumption License – Allows for in-house experiences, tastings, or lounge-style concepts, creating multiple revenue streams beyond tr
  • Event-Driven Upside – Located minutes from Churchill Downs, Cardinal Stadium, and Old Louisville, benefiting from surges during races, games, and city

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,900 SF
Building Class
C
Year Built
1973
Price
$1,450,000
Price Per SF
$371.79
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.60 AC
Opportunity Zone
Yes
Zoning
EZ-1 - Enterprise Zone
Parking
22 Spaces (5.64 Spaces per 1,000 SF Leased)
Frontage
135’ on Lee St

AMENITIES

  • Freeway Visibility
  • Drive Thru

ABOUT 344 E LEE ST , LOUISVILLE, KY 40208

Positioned in the heart of Louisville’s most active urban corridor, this well-established retail and lounge property benefits from constant energy generated by a dense surrounding population and nonstop daily traffic. Its close proximity to the University of Louisville places it within walking distance of thousands of students, faculty, and nearby multifamily housing, creating a reliable, year-round customer base. Downtown access and immediate connectivity to major routes further strengthen its visibility and convenience. The business holds a rare on-premise consumption license, allowing for an in-house lounge experience that sets it apart from typical off-premise retailers and opens the door for tastings, events, and extended customer dwell time. A dedicated backhouse provides valuable storage and operational flexibility, supporting expanded inventory or future concept enhancements. Surrounded by some of the city’s most recognized destinations—including Churchill Downs, Cardinal Stadium, and the historic streets of Old Louisville—this location thrives during events, game days, and peak tourism periods. Offered as a combined business and real estate acquisition, this is a rare opportunity to secure an income-producing asset in a supply-constrained, high-demand downtown market with long-term growth potential.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
035A00990000
Land Assessment
$190,240
Improvements Assessment
$409,760
Total Assessment
$600,000
  • Listing ID: 38856329

  • Date on Market: 12/22/2025

  • Last Updated:

  • Address: 344 E Lee St, Louisville, KY 40208

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