Downtown Louisville Rehab and Development Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30151237
Property Subtypes: Free-Standing Building, Mixed Use, Movie Theatre, Parking Facility, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 17,550 SF
Gross Building Area: See Agent
Gross Land Area: 1.30 Acres
Sale Price: $750,000
Unit Price: $42.74 PSF
Ceiling: 26 ft.
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 11/6/2018

Overview / Comments

Downtown Louisville land and existing warehouse building available for rare repositioning opportunity. Excellent opportunity to acquire a valuable downtown Louisville asset and additional land uniquely positioned to deliver a multitude of premier uses. This offering includes a .9 acre lot (1734 W Main) directly across from a large warehouse (1719 W Main) which would be ideal for office, storage, multi-family, light industrial, mixed-use, retail, event space, brewery, distillery and more - two floors are 35,000 usable square feet. This lot could be improved in conjunction, held for storage, utilized for parking or as investment in the path of growth - the potential is endless. With the high level of development occurring in Louisville's CBD, you don't want to miss this opportunity. Historic tax credits may be available with this acquisition.

Seller will consider an exchange or carry financing for qualified buyers.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 015A00050000
Zoning: EZ-1 - Enterprise Zone District
Retail Clientele: General, Business, Tourist, Recreation, Convention
Property Located Between: W Main between 17th and 18th
Property Visibility: Excellent
Largest Nearby Street: Main Street
Traffic/Vehicle Count: 5,810
Highway Access: I-64, I-264, I-71
Airports: Louisville International Airport (SDF)
Site Description: Parcels directly across Main Street from one another.
Area Description: Path of growth of downtown Louisville.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 17,550 SF
Property Condition: Average
Year Built: 1880
Roof Type: Arched
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Lot at 1734 W Main can be utilized as parking.
Sprinklers: None
Heat Type: Natural Gas
Zoning Description: Enterprise Zoning District
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,004 132,322 277,084
Median Age: 30.97 35.04 36.66
Households: 6,419 56,055 119,772
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.