LOUISVILLE, Ky. (WDRB) -- A local investment group has purchased the only operating gas station in downtown Louisville.Â
That's according to reporting from our partners at Louisville Business First.Â
Bader's Food Mart at 300 S. First Street, along with a nearby property at 112 W. Jefferson Street, were recently sold for $6.5 million, according to Business First reporting, based on a deed filed with the Jefferson County Clerk's Office.
The building at 112 W. Jefferson includes a Papa Johns restaurant and the axe-throwing and virtual reality venue Ovrdrive.
Pander Holdings LLC, a subsidiary of Louisville-based Axis Investments LLC, purchased the property. Axis also owns eight Rockets-branded convenience stores in Louisville.
There are no plans to make any changes to the properties at this time, Sunny Pandher of Axis Investments told Business First in an interview. He said the gas station on First Street is currently leased to Bader's.
"If Bader's would like to stay, we’ll keep Bader's and if not we'll take it to our company brand, which is Rockets," Pandher said. "We just love the location. It’s smack dab in the middle of Downtown and that’s the reason we pursued it."
Axis Investments plans to continue to expand in Louisville. The firm purchased the former Bader’s Food Mart at 1248 E. Broadway in the Highlands in 2021 for $1.7 million. The property, which is just under an acre, sits at the corner of Baxter Avenue and East Broadway.
It remains vacant at this time, but Pandher told Business First in April that Axis Investments plans to invest about $1.2 million to renovate the convenience store into a Rocket’s branded store. They had hoped to open the renovated store by May 2025, but that opening was delayed.Â
Pandher said he now expects that store to open in October.
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Vacant gas station at busy Highlands intersection set for redevelopment
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