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Executive Summary

Hoagland Commercial Realtors is pleased to present the Pleasure Ridge Town Centre ("Property") For Sale in the heart of Louisville, KY. This prime value-add investment opportunity spans over 94,000 SF across 7.96 acres. Anchored by Dollar General (BBB/Baa2), who recently renewed through 2034, the Property offers a great tenant mix blending investment-grade credit with both local and regional operators. 
Current ownership has maintained the Property incredibly well, allowing new ownership the opportunity to focus on continuing to reach stabilization through lease-up. Additional value-add levers include development of additional pad-sites, market rate renewals and NNN conversions. This Property had a full roof replacement in 1Q'2023 and recently underwent a zoning change to C-2, allowing for a higher variety mix of retail and commercial uses. 
Pleasure Ridge Town Centre presents an appealing investment opportunity for an owner-occupant or investor, with a large amount of value still available to be added and realized.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
94,229 SF
Building Class
C
Year Built/Renovated
1968/2022
Price
$4,850,000
Price Per SF
$51.47
Percent Leased
72%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
7.96 AC
Zoning
C-2 - Community Commercial
Parking
350 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
318’ on Pages Ln

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Drive Thru
  • Monument Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -

China Dragon is a privately held Chinese restaurant located in Louisville, Kentucky. The establishment specializes in traditional Chinese cuisine, including popular dishes such as sweet and sour chicken, lo mein, and fried rice. Founded in 2007, the restaurant operates as a single-location business serving the local community with dine-in, takeout, and delivery options. China Dragon emphasizes freshly prepared meals and offers an extensive menu featuring appetizers, soups, seafood, poultry, and vegetarian selections. The restaurant has built a reputation for affordable pricing and convenient service, supported by online ordering capabilities through its official website.

  • Retailer
  • -
  • -
  • -

Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.

  • Accommodation and Food Services
  • -
  • -
  • -

Gorilla Bob’s Grub Shack is a privately held restaurant located in Louisville, Kentucky. Founded in 2020, the establishment offers a menu centered on hearty comfort foods, including its signature Kentucky Hot Brown, Philly cheesesteaks, specialty fries, and a variety of melts and sandwiches. The restaurant emphasizes generous portions and a casual dining experience, with options for dine-in and takeout. Gorilla Bob’s gained local recognition for its creative spins on regional favorites and its community-focused approach, including catering services for local businesses.

  • Services
  • -
  • -
  • -

Ken's Haircutting is a privately held barber shop located in Louisville, Kentucky. Established in 2010, the business specializes in men’s haircuts, beard trims, and traditional grooming services. Operating as a single-location entity, Ken's Haircutting serves the local community with a focus on classic barbering techniques. The shop is owned and managed by Ken Cranford and has maintained a reputation for consistent service quality over the years. It falls under the personal care services sector and adheres to industry standards for barbering and grooming.

  • Arts, Entertainment, and Recreation
  • -
  • -
  • -

La Luna Event Center is a privately held event venue located in Louisville, Kentucky. Established in 2022, the center offers flexible space for weddings, receptions, birthdays, and corporate events. The facility provides amenities such as tables, chairs, lighting, and sound systems, with options for extended hours and customized setups. La Luna Event Center operates as an independent business and does not belong to a parent organization. The venue has become a local choice for social and cultural events, supported by its accessible location and adaptable layout.

  • Health Care and Social Assistance
  • -
  • -
  • -

Pleasure Ridge Park Dentistry is a privately held dental practice located in Louisville, Kentucky. Established in 2019, the clinic provides comprehensive dental services, including preventive care, cosmetic treatments, dental implants, Invisalign, and gum disease therapy. The practice serves patients of all ages and emphasizes modern technology for diagnostics and treatment. Over the years, it has built a reputation for patient-focused care and accessibility, offering flexible scheduling and in-house membership plans for uninsured patients. The clinic operates independently and does not belong to a parent organization. Its leadership team includes experienced dentists and hygienists committed to maintaining high standards of oral health care for the local community.

  • Arts, Entertainment, and Recreation
  • -
  • -
  • -

Southwest Basketball Club is a nonprofit youth sports organization based in Louisville, Kentucky. Founded as a community initiative, the club provides basketball training and competitive opportunities for athletes from elementary through high school. Its programs include skill development clinics, seasonal leagues, and AAU-sponsored teams, alongside academic support such as math and reading instruction from certified educators. The organization also offers free after-school STEM programs and girls’ basketball leagues to promote inclusivity.

  • Services
  • -
  • -
  • -

The Chapel Church operates as a local Christian congregation serving the surrounding community through worship services, prayer gatherings, and family-oriented activities. While detailed historical information for this specific location is limited, churches under similar names typically emphasize Bible-based teaching, community outreach, and programs for children and youth. The Louisville site functions independently and does not appear to be part of a larger denominational network based on available public records. It is privately held and primarily focused on providing a space for spiritual growth and fellowship.

  • Retailer
  • -
  • -
  • -

White Elephant Vendors Market is a privately held retail business located in Louisville, Kentucky. Established in 2013, the market operates as an indoor vendor mall featuring a wide range of merchandise, including antiques, furniture, home décor, tools, jewelry, and collectibles. The facility hosts multiple vendor booths, providing a centralized space for independent sellers to showcase their products. Known for its variety and accessibility, the market caters to bargain hunters and collectors seeking unique items.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - -
Retailer - - -
Accommodation and Food Services - - -
Services - - -
Arts, Entertainment, and Recreation - - -
Health Care and Social Assistance - - -
Arts, Entertainment, and Recreation - - -
Services - - -
Retailer - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,000 SF
  • Retail
  • -
  • Now
  • 8519
  • 9,450 SF
  • Retail
  • In-Line
  • 30 Days

Space can be sub-divided.

  • 8535
  • 6,000 SF
  • Retail
  • -
  • Now
  • 8539
  • 3,000 SF
  • Retail
  • In-Line
  • Now
  • 8541
  • 4,000 SF
  • Retail
  • End Cap
  • Now
Space Size Space Use Position Available
1st Floor 2,000 SF Retail - Now
8519 9,450 SF Retail In-Line 30 Days
8535 6,000 SF Retail - Now
8539 3,000 SF Retail In-Line Now
8541 4,000 SF Retail End Cap Now

1st Floor

Size
2,000 SF
Space Use
Retail
Position
-
Available
Now

8519

Size
9,450 SF
Space Use
Retail
Position
In-Line
Available
30 Days

8535

Size
6,000 SF
Space Use
Retail
Position
-
Available
Now

8539

Size
3,000 SF
Space Use
Retail
Position
In-Line
Available
Now

8541

Size
4,000 SF
Space Use
Retail
Position
End Cap
Available
Now

8519

Size 9,450 SF
Space Use Retail
Position In-Line
Available 30 Days

Space can be sub-divided.

Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Kroger
Scooter's Coffee
Tumbleweed Southwest Grill

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 104709150000
  • 104701000000
Land Assessment
$1,040,580
Improvements Assessment
$1,855,970
Total Assessment
$2,896,550
  • Listing ID: 40850505

  • Date on Market: 6/9/2026

  • Last Updated:

  • Address: 8507-8541 Terry Rd, Louisville, KY 40258

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