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344 E Lee St
Louisville, KY 40208 Old Louisville

$1,450,000 USD

Freestanding For Sale  •  4,221 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 3,900 SF
  • Lot Size 0.6 AC
  • Building Class C
  • Year Built 1973
  • Tenancy Single
  • Zoning EZ-1
45 Transit Score
71 Walk Score

Description

Positioned in the heart of Louisville’s most active urban corridor, this well-established retail and lounge property benefits from constant energy generated by a dense surrounding population and nonstop daily traffic. Its close proximity to the University of Louisville places it within walking distance of thousands of students, faculty, and nearby multifamily housing, creating a reliable, year-round customer base. Downtown access and immediate connectivity to major routes further strengthen its visibility and convenience.
The business holds a rare on-premise consumption license, allowing for an in-house lounge experience that sets it apart from typical off-premise retailers and opens the door for tastings, events, and extended customer dwell time. A dedicated backhouse provides valuable storage and operational flexibility, supporting expanded inventory or future concept enhancements.
Surrounded by some of the city’s most recognized destinations—including Churchill Downs, Cardinal Stadium, and the historic streets of Old Louisville—this location thrives during events, game days, and peak tourism periods. Offered as a combined business and real estate acquisition, this is a rare opportunity to secure an income-producing asset in a supply-constrained, high-demand downtown market with long-term growth potential.

Highlights

Dense, Built-In Customer Base – Steps from the University of Louisville, surrounded by students, residents, and steady daily foot traffic that support
Rare On-Premise Consumption License – Allows for in-house experiences, tastings, or lounge-style concepts, creating multiple revenue streams beyond tr
Business + Real Estate Acquisition – Secure both the operating business and the underlying real estate, offering immediate income with long-term appre
Event-Driven Upside – Located minutes from Churchill Downs, Cardinal Stadium, and Old Louisville, benefiting from surges during races, games, and city
Operational Flexibility – Rear storage building supports expanded inventory, efficient operations, or future concept enhancements under active ownersh

Amenities

  • Freeway Visibility
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Louisville Muhammad Ali International 11 min - 4.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 22
Type: Surface
Included in Rent: Yes
Travis Cox 502-230-1414 85W Real Estate
Travis Cox 502-230-1414 85W Real Estate