Gated Live/Work Victorians - Old Louisville

Office for Sale
Catylist Listing ID: 29979244
Property Subtypes: Mixed Use
Building Size (RSF): 7,530 SF
Gross Building Area: See Agent
Gross Land Area: 17,920 SF
Sale Price: $849,000
Unit Price: $112.75 PSF
Property Use Type: Investment, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/17/2017

Overview / Comments

Two 1888 vintage Victorian houses, in gated compound, northeast corner of Old Louisville. These beautiful homes were most recently a popular Bed & Breakfast Inn. Each is roughly 3700 sqft total live/work space, with five bedrooms, each with in suite full bath. Approximately twelve parking spaces are contained, off-street, surrounded by lovely gardens and fountain center piece. Storage in basement.

Houses are fully furnished. Contents, less some personal items and art, are offered for sale via companion agreement. Seller also owns adjacent home and vacant lot to the south, ready for renovation.

Traditional Neighborhood Zoning District rules allow Conditional Use Permit for specific live/work business types, for the owner occupant.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 030E01250000
Zoning: TNZD - Traditional Neighborhood Zoning District
Property Located Between: Breckinridge St. and Kentucky St on east side of S 1st.
Property Visibility: Good
Highway Access: I-65 southbound at Floyd & Oak, six blocks; northbound at Floyd & St Catherine, four blocks.
Airports: Louisville Int'l Airport (SDF) 4 miles south on I-65
Site Description: Roughly 18,000 sqft, fenced/gated, flat w/pavers surface, landscaped with gardens and fountain, improved with two Victorian style houses, age 128 years.
Area Description: Old Louisville is the largest collection of Victorian Style buildings in one neighborhood in the country. Populated with 19th century mansions, it was Louisville's first suburb, built by the giants of business and industry, as the city grew.
Total Number of Buildings: 2
Number of Stories: 3
Year Built: 1888
Year Renovated: 2003
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: All exterior walls three brick thick. Roofs were both replaced in 2012.
Parking Type: Surface
Parking Description: off-street surface
Total Parking Spaces: 12
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Interior Description: Mostly exposed brick, some drywall, custom drapery throughout; three dining rooms, bar, family room, game room w/pool table, formal parlor, office/den,10 bedrooms w/in suite full bathrooms, w/bidets, 2 w/hot-tubs, 1 half bath, six HVAC & water heater systems, commercial kitchen: vented hood system, 3-compartment sink, grease trap, commercial dishwasher.
Zoning Description: Traditional Neighborhood Zoning District rules allow Conditional Use Permit for specific live/work business types, for the owner occupant.
Lot Frontage: 96
Lot Depth: 200
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: fee simple
Legal Description: 913-915 S. 1st St. 40203, More detail available on request.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,456 139,785 317,599
Median Age: 35.4 35.36 36.8
Households: 12,632 61,129 136,678

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