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Hancock House 601 E Jefferson St 16 Room Hotel Louisville, KY 40202 $4,600,000 ($287,500/Room)
Investment Highlights
- In Louisville's hottest submarket
- On-site parking in an urban submarket
- New construction with upside
Executive Summary
A rare opportunity to acquire a three-story mixed-use building in Louisville’s hottest neighborhood, NuLu.
Currently configured as a 16-room Micro-Boutique Hotel with fully leased ground-floor retail, this building offers immense flexibility for Hospitality, Airbnb, Mid-term rentals, Multi-Family or other adaptive uses.
This property was originally built in 1865 as the home of Herman Schroeder's grocery, and was redeveloped in 2020 to its current use.
Ground-Floor Retail (4,200+ SF)
1,081 SF: Office
3,128 SF: Restaurant
2nd & 3rd Floors: 16 rooms with apartment-style kitchens, a versatile setup ideal for short-term stays, extended-stay hotel, Airbnb, or multi-family residential conversion.
The sale will include all furniture and fixtures in the building.
Onsite Parking: Ample parking to serve both guests and retail customers.
Currently configured as a 16-room Micro-Boutique Hotel with fully leased ground-floor retail, this building offers immense flexibility for Hospitality, Airbnb, Mid-term rentals, Multi-Family or other adaptive uses.
This property was originally built in 1865 as the home of Herman Schroeder's grocery, and was redeveloped in 2020 to its current use.
Ground-Floor Retail (4,200+ SF)
1,081 SF: Office
3,128 SF: Restaurant
2nd & 3rd Floors: 16 rooms with apartment-style kitchens, a versatile setup ideal for short-term stays, extended-stay hotel, Airbnb, or multi-family residential conversion.
The sale will include all furniture and fixtures in the building.
Onsite Parking: Ample parking to serve both guests and retail customers.
Property Facts
| Price | $4,600,000 | Building Size | 15,804 SF |
| Price Per Room | $287,500 | No. Rooms | 16 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1865/2020 |
| Property Subtype | Hotel | Parking Ratio | 2.66/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.54 AC | Opportunity Zone |
Yes
|
| Zoning | C-2 | ||
| Price | $4,600,000 |
| Price Per Room | $287,500 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.54 AC |
| Building Size | 15,804 SF |
| No. Rooms | 16 |
| No. Stories | 3 |
| Year Built/Renovated | 1865/2020 |
| Parking Ratio | 2.66/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
Amenities
- Restaurant
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 16 | $998.00 | - |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 017D01900000 | Improvements Assessment | $3,037,660 |
| Land Assessment | $355,370 | Total Assessment | $3,393,030 |
Property Taxes
Parcel Number
017D01900000
Land Assessment
$355,370
Improvements Assessment
$3,037,660
Total Assessment
$3,393,030
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Hancock House | 601 E Jefferson St
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