Legal District Office Space For Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30020402
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 6,000 SF
Gross Building Area: 24,000 SF
Gross Land Area: 0.85 Acres
Sale Price: $575,000
Unit Price: $95.83 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Building Name: Professional Arts Building
Class of Space: Class A
Usable Size (USF): 6,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/2/2017

Overview / Comments

The subject space consists of the 4th floor of 730 W. Market Street. The seller is conveying a quarter interest in the property.

The space is currently occupied by legal offices. There are (12) private offices, (3) conference rooms, central secretarial station, private elevator lobby and (2) restrooms in the suite.

The space has been decorated by Hubbuch & Company.

There is a surface level parking lot with (14) parking spaces dedicated to the 4th floor. There is an adjacent parking garage with available spaces.

Building operating expenses are divided between the owners.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 014D01960000
Zoning: CM - Commercial Manufacturing
Property Located Between: 7th and 8th Streets
Property Visibility: Excellent
Highway Access: Convenient access to I-64.
Site Description: The four story office structure is situated on a .85 acre site with surface parking.
Area Description: Located in the Central Business District of Louisville
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 6,000 SF
Year Built: 1971
Year Renovated: 2013
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: There are (14) parking spaces dedicated to the 4th floor. There are also an additional three (3) visitor and one (1) handicap spaces for the building.
Total Parking Spaces: 14
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central, Wall Units
Air Conditioning: Package Unit
Interior Description: There are (12) private offices, (3) conference rooms, central secretarial station, private elevator lobby and (2) restrooms in the suite.The interior core of the space is serviced by central heating and cooling and the perimeter units have individual heating and cooling units.
Zoning Description: CM
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Deeb & Lohman, LLC
Legal Description: The subject space consists of the 4th floor of 730 W. Market Street. The seller is conveying a quarter interest in the property.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,970 132,990 300,693
Median Age: 32.32 35.51 36.9
Households: 5,644 57,781 129,720

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