Auction - REIT Sale | Former Advance Auto 294 Market Place Dr Local commercial 569 m² À vendre Louisville, KY 40229 43 543 € (76,48 €/m²)

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 294 Market Place Drive in Hillview, Bullitt County, Kentucky 40229 (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, presenting an excellent opportunity for owner/users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2009, the Property comprises a one-story, ±6,128-square-foot free-standing retail building situated on a ±0.92-acre parcel (±40,075 SF), with 30 surface parking spaces and a high parking ratio of 4.9:1,000/SF. The site features ±150 feet of frontage along Marketplace Drive (SR-64)—one of Hillview’s primary commercial corridors, with ±20,535 vehicles per day (VPD). The Property includes a highly visible pylon sign and was previously leased to Advance Auto Parts on a triple-net (NNN) basis. The Property presents owner-users or investors with the ability to unlock significant value-add potential through lease-up at long-term market rates (CoStar estimated retail rents of $15-18/SF NNN). Zoned B1, Highway Business, the Property allows for flexible retail and commercial uses, appealing to a wide range of end-users.
Strategically located in Hillview, a growing suburban community within the Louisville MSA, the Property benefits from direct frontage along Marketplace Drive (SR-61), one of Hillview’s primary commercial corridors and offers excellent regional access via I-65 (±105,816 VPD), located less than ±1 mile away, providing direct connectivity to downtown Louisville (±14-mi north) and the Louisville Muhammad Ali International Airport (±10-mi). The surrounding retail trade area features a strong mix of national tenants including Walmart Supercenter, Kroger, Lowe’s, McDonald’s, Taco Bell, O’Reilly Auto Parts, and Walgreens, which help generate steady daily traffic and retail synergy. The Hillview economy is supported by proximity to UPS Worldport, Ford’s Louisville Assembly Plant, and major logistics and distribution hubs serving the metro area. The area is also experiencing continued residential and commercial expansion, making it increasingly attractive to retailers and service providers. Additional demand drivers include medical centers and suburban residential developments that continue to expand in northern Bullitt County. Educational demand in the area is supported by nearby institutions such as North Bullitt High School and Zoneton Middle School, with thousands of students enrolled in the immediate area. The Property is well-positioned to serve both local residents and a large daytime employment base. The surrounding area services ±42,247 people within a 3-mi trade area and includes ±94,143 residents within a 5-mi radius, with an average HH income of ±$96,885, supporting sustained demand for daily needs retail and services.