Red Carpet Inn Hurstbourne Pkwy — Sale in Louisville, KY
- Price: Contact for price
- Listing type: For sale
- Asset type: Hospitality Business
- Location: Louisville, KY 40220
Photos
Investment Figures
- Cap rate
- 1.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
1640 S. Hurstbourne Parkway presents a compelling redevelopment opportunity within one of Louisville’s most established and active commercial corridors. Positioned along the highly trafficked Hurstbourne Parkway corridor near Interstate 64, the property benefits from exceptional regional connectivity and visibility in the heart of Louisville’s East End. The surrounding area has long served as a major hub for office, hospitality, retail, and restaurant activity, drawing both local consumers and business travelers from across the metropolitan area. Public records identify the site as a roughly 4.99-acre commercially zoned parcel currently operating as a hotel property, creating strong potential for repositioning into a higher-value mixed-use, hospitality, retail, or multifamily-oriented development. Recent development discussions and proposed projects throughout the broader Hurstbourne corridor further highlight continued investor interest and growth momentum in the area. New retail and mixed-use proposals along South Hurstbourne Parkway reflect ongoing expansion pressures and demand for updated commercial product types as Louisville’s East End continues evolving. Investment Highlights: • Strategic location along Hurstbourne Parkway, one of Louisville's primary commercial and business corridors with strong daily traffic counts and regional visibility. • Located within Louisville's established East End submarket, an area known for strong household incomes, dense residential neighborhoods, office concentrations, and consistent retail demand. • Positioned near major employment hubs including the Hurstbourne office corridor, Bluegrass Industrial submarkets, and healthcare-related employers. • Central location within one of Louisville's most accessible suburban corridors, approximately 15 minutes from Downtown Louisville and 10 minutes from the airport.
Market Context
This hospitality in Louisville, KY is listed for sale. It is offered at an approximate 1.0% capitalization rate, a key benchmark for income-producing hospitality assets. Compare it against other hospitality listings for sale in Louisville, KY — view the full market.
Contact
- David Badgett Jr. · (502) 329-5999 · david.badgett@marcusmillichap.com
- Trey Jorgensen · (502) 329-5949 · trey.jorgensen@marcusmillichap.com
- Robby Smith · (502) 329-5960 · robert.smith@marcusmillichap.com