Downtown Development Opportunity

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30341126
Property Subtypes: Mixed Use, Parking Facility, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Status: Pending/Contingent
Building Size (RSF): 20,000 SF
Gross Building Area: See Agent
Sale Price: $1,300,000
Unit Price: $65 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/13/2018

Overview / Comments

Located on one of the most coveted corners of the central business district within the "Opportunity Zone" of Louisville Kentucky, is this historic building of approximately 20,000 ft.² - which commands the north-west corner of 1st & W. Market St. This property is within two blocks from the YUM! center, The Kentucky International Convention Center, and is just steps from restaurants, fine hotels and apartments and NULU.

This property presents one of the finest opportunities available for an Airbnb or boutique hotel, a corporate headquarters, a restaurant/retail and mixed-use building.

Inside this historic site comprise 3 buildings, all sharing a modern first floor, most recently used for a medical consulting practice. The upper floors are unfinished and will need a complete redevelopment, but the entire site could be an excellent redevelopment opportunity!

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 017A01560000
Zoning: C-3 - Commercial District
Retail Clientele: General, Business, Traveler, Tourist, Convention
Property Located Between: Corner of 1st and W Market
Property Visibility: Excellent
Largest Nearby Street: W Market
Area Description: C.B.D. Prime location- corner of 1st and Market St.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 3
Year Built: 1913
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface, Other
Parking Description: Street parking or pay lots
Zoning Description: C-3
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,764 131,994 304,086
Median Age: 32.6 35.42 37.1
Households: 5,723 58,420 131,469
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.