1818-1820 E Park Place

Special Purpose for Sale
Catylist Listing ID: 30869822
Property Subtypes: Assembly/Meeting Place
Building Size (RSF): 34,632 SF
Gross Building Area: See Agent
Gross Land Area: 2.90 Acres
Sale Price: $2,250,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/25/2024

Overview / Comments

Church, Gymnasium, and Parking Lots Church is 7,816 sq. ft. with a basement of 7,700 finished sq. ft. with
brick exterior. Gymnasium is 19,116 sq. ft. with full basketball court and second floor space for upper-level office and
storage space. The gymnasium currently has a daycare operating out of it. So it is completely up to code for that purpose
and has a complete kitchen. All major utilities are located in the area and on site, to include gas, water, electrical, sewer
and telephone. Access from E Park Place, and Easement through Ewing Ln. This property is listed 3 ways (Church,
Gymnasium, Combined) See MLS#202406498 for gymnasium only listing and MLS# 202406497 for the church only listing.
The parcels include (10-20-00-304-021.000-010, 0.87 acres)(10-20-00-301-981.000-010 0.43 acres) (10-20-00-301-
532.000-010 0.14 acres) (10-19-00-300-598.000-010 0.83 acres)(10-20-00-300-674.000-010 0.28 acres)(10-21-00-301-
533.000-010 0.11 acres) and part of (10-19-00-300-545.000-010.0.24 acres)

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 102000304021000010
Zoning: NR & R-1
Property Visibility: Good
Largest Nearby Street: Utica Pike
Feet of Frontage: 340
Highway Access: I-65
Site Description: The Church building is 15,632 total SF with brick exterior. The building consists of 7,816 square feet above grade and a 7,816 Square foot basement (7,700 finished). The gym is 19,116 SF with a basketball court and a second-floor space for upper-level Office/Storage use.
Area Description: the neighborhood is predominantly single-family residential, with multifamily residential, commercial, industrial, and other uses scattered throughout. Access to major transportation routes, shopping, and employment centers is average to good. The utilities servicing the area are adequate. River Ridge Commerce Center has undergone major expansion in recent years and gained momentum when construction began on the two new Ohio River bridges between Jeffersonville and Louisville. With the local economy growing and the Ohio River bridges project complete, Jeffersonville is poised for substantial new growth. This growth has been slowed by the COVID-19 pandemic but appears to be regaining momentum. These trends are positive for most types of property in the subject neighborhood, including commercial properties like the subject.
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 34,632 SF
Property Condition: Good
Year Built: 1960
Year Renovated: 1997
Roof Type: Gable
Construction/Siding: Brick
Heat Type: Electricity
Zoning Description: The subject site is zoned NS Institutional Use and R-1 Residential. Based on a review of the zoning restrictions, the subject site appears to be a legal non-conforming grandfathered use with this classification.
Water Service: Municipal
Sewer Type: Municipal
Easements Description: No title report was supplied. It is assumed that the subject is encumbered by typical utility and road easements that do not affect value. No encroachments were noted at the time of inspection.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,708 74,674 238,359
Median Age: 39.92 39.01 38.31
Households: 3,772 34,004 105,447
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