REIT Sale | Former Family Dollar | 2016 Built | 11K VPD | Louisville, KY

Highlights:

• 8,559 SF Freestanding Value-Add Retail (Former Family Dollar) Available at Substantial Discount Below Replacement Cost
• Nearby National Retailers: Kroger, Walmart, Aldi, Walgreens, Home Depot, CVS, Target, Pizza Hut, Marathon, and more
• 11,383 VPD Traffic Count Frontage and Visibility on W Market St; 0.8 Miles from I-264 (+39K VPD)
• Dense Demographics with 5-Mile Population of ±202,033 and Annual Household Income of ±$52,871
• 5% Population Growth from 2020-2024 and Projected to Continue through 2029 (5-mile radius)
• Zoned C1, Commercial District with a Variety of Commercial Uses

Description:

Ri Marketplace Online Auction November 17th-19th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2763/reit-sale-former-family-dollar-2016-built-11k-vpd-louisville-ky?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2763

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 3901 W. Market Street in Louisville, Kentucky 40212 (the “Property”). Formerly occupied by Family Dollar, the Property is being offered significantly below replacement cost, creating a compelling opportunity for owner-users or investors to secure a highly visible retail asset with prime frontage at an attractive basis. FIRST BID MEETS RESERVE!

Built in 2016, the Property consists of a ±8,559-SF single-story building situated on a ±0.90-acre parcel (±39,012 SF) with an asphalt surface parking lot providing 30 spaces. Constructed to modern design standards, the building features an open retail floor plan with a flexible footprint adaptable to a wide range of commercial uses. The site benefits from visibility and access on W Market Street, a primary east-west throughfare in the city, which sees approximately ±11,383 vehicles per day (VPD). This positioning ensures strong visibility and accessibility within this dynamic downtown Louisville submarket. Previously leased to Family Dollar on a triple-net (NNN) basis, the Property presents a value-add opportunity through lease-up at long-term market rents, with CoStar estimating retail rental rates in the range of $9–$11/SF NNN. Zoned C1, Commercial District, the Property can accommodate a wide variety of retail, service, and community-oriented uses, further enhancing its flexibility and long-term investment appeal.

Louisville, Kentucky, is the state's largest city and a major commercial hub, strategically located along the Ohio River at the crossroads of Interstates 64, 264, and 71. The city is home to UPS Worldport, one of the world’s largest air cargo hubs, making it a global logistics powerhouse. Nearby retailers include Kroger, Walmart, Aldi, Walgreens, Home Depot, CVS, Target, Pizza Hut, Marathon, while regional connectivity is enhanced by its proximity to Gene Snyder Fwy with traffic counts over 39,000 vehicles per day. The Property is also located ±15-minutes from Louisville International Airport and ±5-minutes from downtown. This former Family Dollar is surrounded by strong demand drivers, including major employers and residential developments that contribute to the area’s economic vitality. The Property is supported by a population of 202,033 residents with an average household income of ±$52,871 within a 5-mile area.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 257072
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: