Profitable Bed and Breakfast in Old Louisville

Hospitality for Sale
Catylist Listing ID: 30814520
Property Subtypes: Bed & Breakfast
Number of Units: 9 Units
Building Size (RSF): 11,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.25 Acres
Sale Price: $1,575,000
Unit Price: $175,000 Per Unit
Property Use Type: Business
Building Name: Louisville Bourbon Inn
Name of Establishment: Louisville Bourbon Inn
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 5/22/2023

Overview / Comments

Welcome to one of Old Louisville’s favorite Victorian mansions. Currently operated as The Louisville Bourbon Inn, this property is an elegant blend of original architectural features and modern comforts. The grand foyer invites visitors in and proudly showcases exquisitely restored original woodwork and a most impressive spiral staircase. To the left of the foyer is a living room that feels just formal enough to make you feel like you stepped back in time but inviting enough to make you want to put your feet up and relax. The spacious dining room is perfectly preserved, featuring more of the irreplaceable wood trim, original fireplace, and a stunning chandelier. Off the dining room, the former butler’s pantry has been converted to a modern coffee and drink bar with new cabinetry, stylish backsplash, and a beverage refrigerator and dishwasher. A large walk-in pantry with new built-ins and an ice machine is perfect for stowing away extras. Continue around the corner to find your way to the fully updated, modern kitchen. A massive island, new cabinetry, and commercial grade appliances make this a chef’s dream. A small office also rounds out the first floor.
On your way up the magnificent staircase, you will notice the massive stained-glass windows and an inviting seating nook. At the top of the stairs a hallway leads you to an additional living area. Overlooking the park on one side and fourth street on another, it is lined with wall-to-wall bookshelves and features another well preserved fireplace. Two gracious size bedrooms, each with an ensuite bathrooms round out the second floor. Continue up the stairs to find an additional three bedrooms with ensuite bathrooms and more of that beautiful wood trim.
We haven’t talked about the back staircase yet...this will lead you from the first to the third floor and can be shut off to the rest of the house to provide a private owners quarter. The owner’s quarter has a large bedroom and closet on the third floor and spacious bathroom and laundry room on the second floor.
Outback of the main house is a massive, covered porch that whisks you away from the sounds of the city. Overlooking a manicured courtyard, it is perfect for relaxing with a cocktail or good book.
Find your way through the courtyard gardens to the carriage house which showcases the same original charm and sophistication as the main house. This additional 2300 square feet offers a galley style kitchen, additional laundry, and open living area with room for dining and socializing. On the first floor is a bedroom with ensuite bathroom and upstairs two additional bedrooms with ensuite bathrooms.
The property also has a two-car detached garage. It’s located on beautiful corner lot next to the park.

Main House
7000 square feet above grade 2608 below grade unfinished 6 bedrooms
6 full bathrooms
1 half bathroom
9 fireplaces
9 closets
2 staircases
2 balconies
Covered back porch
3 water heaters
4 HVAC systems

Carriage House
2300 square feet above grade 3 bedrooms
3 full bathrooms
4 fireplaces
4 closets
2 water heaters
2 HVAC systems

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 032D00120000
Zoning: TNZD - Traditional Neighborhood Zoning District
Retail Clientele: Family, Traveler, Tourist, Recreation
Largest Nearby Street: Fourth Street
Nearby Attractions: Churchill Downs, University of Louisville, Local Bourbon Distilleries, Louisville Slugger Museum
Total Number of Buildings: 2
Number of Stories: 3
Property Condition: Excellent
Year Built: 1888
Year Renovated: 2021
Construction/Siding: Brick
Total Parking Spaces: 2
Parking Type: Structure
Parking Description: Two car detached garage plus street parking
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,597 144,088 313,357
Median Age: 32.41 35.31 36.73
Households: 9,807 62,578 134,648


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