Map of Property

For Sale

Ciao Ristorante

1201 Payne Street, Louisville, KY 40204

Hard corner in gentrified, affluent suburb of Louisville, KY.This single-tenant NNN property is available at a below-market price of an 8 cap rate. The tenant-operator is an established restauranteur in the area and has agreed to execute a fresh 10 year lease at the sale closing.

Key features

  • $175,000 NOI
  • Established Local Operator w/ Personal Guaranty
  • Full Bar & Outdoor Patio
  • Full Renovation in 2024
  • New 10 Yr NNN Lease at Closing
  • Offered at Below-Market 8 Cap Rate
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

Gregory Friend

Venture Realty

Building Details

  • For Sale $2,187,500
  • Property Type Retail - Restaurant
  • Property Size 7,630 SF
  • Units 1
  • Lot Size 0.21 Acre
  • Property Tenancy Single Tenant
  • Year Built 1961
  • Year Renovated 2024
  • Date Updated Mar 29, 2026

Attachments

Getting Around

  • Walk Score ®

    Very Walkable (75)

  • Transit Score ®

    Some Transit (43)

  • Bike Score ®

    Very Bikeable (77)
Powered by Walk Score ®

Location

  • City Louisville, KY
  • Neighborhood Irish Hill
  • Zip Code 40204
  • Market Louisville

Points of Interest

Speedway

0.73 miles

Thornton's Gas & Minimart

1.40 miles

Shell

1.41 miles

Kroger Fuel Center

1.55 miles

LouLift Electric Bus Charger

1.64 miles

Speedy Mart

2.53 miles

Marathon Gas

2.67 miles

Tesla Supercharger

3.83 miles

Tesla Destination Charger

4.02 miles

Parking Garage and Institutional Services Building

0.98 miles

APH Yellow Lot

0.99 miles

U of L Physicians Outpatient Center Parking Garage

1.03 miles

Red Parking

1.14 miles

Turquoise Parking

1.14 miles

Tan Parking

1.15 miles

Silver Parking

1.15 miles

Yellow Parking

1.16 miles

Jewish Hospital Parking Garage

1.21 miles

Dollar General

1.01 miles

Mid City Mall

1.03 miles

Kroger

1.45 miles

Bourbon Barrel Foods

1.56 miles

Bombay International

1.69 miles

The POD

2.73 miles

ALDI

3.64 miles

Rainbow Blossom

3.73 miles

Target

4.56 miles

1201 Payne Street Listing Summary

  • What is the asking price at Ciao Ristorante?

    Ciao Ristorante is currently listed for sale at Contact for pricing.

  • What is the total size of Ciao Ristorante?

    Ciao Ristorante has a total of 7,630 square feet.

  • What is the year built for Ciao Ristorante?

    The year built for Ciao Ristorante is 1961.

Contact Listing Broker
Gregory Friend

Venture Realty

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