Share this listing
Pre-formatted captions, a short link, and a QR code — ready to paste.
Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…
1201 Payne St
Louisville, KY 40204
Asking Price
$2.19M
Cap Rate
8%
Asset Type
Restaurant Retail
Class
Class B
What's Special
Retail | 8.00% CAP | 7,630 SqFt <ul><li>$175,000 NOI</li><li>New 10 Yr NNN Lease at Closing</li><li>Offered at Below-Market 8 Cap Rate</li><li>Established Local Operator w/ Personal Guaranty</li><li>Full Renovation in 2024</li><li>Full Bar & Outdoor Patio</li><li>2% Buy-Side</li><li>Historic Irish Hill Neighborhood</li><li>Outdoor Patio Seating</li><li>Full Bar License</li></ul>
Free Valuation Calculator
No login requiredRun the numbers on this deal. All calculations are estimates — verify with your lender and accountant.
NOI
$80,000
Cap Rate
3.66%
DSCR
0.62
Underwater
Cash-on-Cash
-7.60%
Monthly Payment
$10,822.556
Annual Cash Flow
$-49,870.677
