Improved Mixed-Use Land for Sale in Louisville, Kentucky

We are pleased to offer 14,500 SF of retail space on 2.49 acres at 701 Valley College Dr, Louisville, KY, along with an adjacent 1.13-acre lot available for purchase or ground-lease. 701 Valley College Dr features a single-story retail building with 64 parking spaces and a drive-thru, leased to Family Dollar until June 2026. Zoned C-1, the new owner can re-lease to diverse group of retail tenants (e.g., fitness centers, banks, big box retailers), occupy it themselves, or redevelop for additional retail or residential uses (e.g., assisted living, multifamily units). The adjacent, street-facing 1.13-acre lot on Stonestreet Road is zoned OR-3, permitting a variety of residential and retail uses, including assisted living, barber shops/salons, medical laboratories, and multifamily dwellings. This is a prime opportunity for Owner-Occupiers, Investors, and Developers. This is a high-density residential and commercial area with retail, schools, homes, and medical facilities in the immediate area. U of L Health Medical Center Southwest, Trilogy Park Terrace Health Campus and Jefferson Community & Technical College Southwest Campus are all nearby.