Property Overview

We recently secured a 4,726 SF commercial property on 0.3139 acres at 1143 S Shelby St, Louisville, KY. Zoned C-2, this property offers exceptional flexibility for retail, office, and mixed-use development, making it a prime asset in a rapidly evolving retail corridor.

Seizing the Right Opportunity

This acquisition was about timing as much as location. Having already owned the adjacent building, we saw an opportunity to expand our footprint and decided to reach out directly to the owner via mail to inquire about purchasing her property.

Many investors had previously approached her, but she never entertained their offers. However, because we were licensed real estate professionals and owners of the neighboring property, she was open to having a conversation. As it turned out, she had a tax incentive that could only be leveraged in 2024, making a year-end closing critical for both parties.

Successful Outcome

Had we missed this narrow window, the opportunity would have been lost. To move quickly, we leveraged our connections to source short-term capital, allowing us to acquire the property within the compressed timeline. Shortly thereafter, we successfully closed on the deal, doubling our footprint and setting the stage for a long-term retail development project.

Looking Ahead

With the additional space, we now have the ability to create something truly special for this growing district. This expansion opens up new possibilities for innovative retail concepts, increased community engagement, and long-term economic impact.

Conclusion

If you’re considering buying, selling, or leasing commercial property in Kentucky or Indiana, let’s connect! You can reach me at raphael@sumcg.com or call/text 502-536-7315.