High Quality Restaurant/Bar/Convenience Store in 40203

Retail-Commercial for Sale
Catylist Listing ID: 30855873
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 5,588 SF
Gross Building Area: See Agent
Gross Land Area: 0.57 Acres
Sale Price: $995,000
Unit Price: $178.06 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/2/2023

Overview / Comments

Highly desirable and well-maintained restaurant/bar and/or convenience store opportunity located along W Jefferson St.

The property currently houses “Joe’s Palm Room”, an iconic Louisville Restaurant and Bar that has been serving patrons for over 50 years.

If you're interested in purchasing the business, please ask the listing agent for details.

The space is comprised of just over 4,200 SF and contains a full bar, kitchen, dining area and dance floor.

It also has a roughly 1,380 SF of outdoor patio space for additional seating and/or to host private events.

Traffic counts exceed 8,000 VPD and parking is plentiful with over 40 spots on site.

Additionally, the owner receives $2,000 per month in rent for leasing space to gaming machines as well as $600 per month from his neighboring tenant, “Stevie J’s Bar-B-Que”.

The property is zoned C-2 which is extremely flexible and allows a potential owner to maintain a restaurant/bar on site.

A new owner could also convert the property to house another business use including, but not limited to, a convenience store, auto shop, car lot, event space, community service facility etc.

For a list of potential uses, check out the following link:


To access the financial and other relevant property information, fill out the confidentiality agreement provided in the "Attachments & Media" section below.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 029ESROW0000
Zoning: C-2 - Commercial District
Retail Clientele: General, Business
Property Visibility: Excellent
Tenancy: Single Tenant
Property Condition: Excellent
Parking Type: Surface
Parking Description: Parking is plentiful.
Heat Type: Electricity
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,877 130,503 278,094
Median Age: 31 35.17 36.51
Households: 6,133 55,073 119,808
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