Science Hill

Retail-Commercial for Sale
Catylist Listing ID: 30182775
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 35,313 SF
Gross Building Area: See Agent
Gross Land Area: 2.20 Acres
Sale Price: $2,850,000
Unit Price: $80.71 PSF
Property Use Type: Investment, Business
Building Name: Science Hill Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2021

Overview / Comments

Rare opportunity to own a piece of history in a prime location - Situated in the heart of Central Kentucky between Louisville, Frankfort, and Lexington. Science Hill Inn is located on 2.2 ACRES in the heart of downtown Shelbyville along Washington Street, is listed on the National Historic Register and the Kentucky Historic Register and offers 35,313 square feet on two floors and an additional 2470 square feet in two basement areas. Science Hill was first constructed in 1795 and expanded to its present size between 1826 to 1846. Currently Science Hill is divided into three major sections: The Gallery (Wakefield-Scearce Gallery), the Courtyard and the Dining Room. The Gallery still serves in its original capacity: selling primarily British antiques to the American public. This breathtakingly beautiful property has over 100 parking spaces along with parking along Washington Street. The location is ideal for any buyer - just 30 miles from the Louisville International Airport & UPS's World Hub, 20 minutes to State Capitol in Frankfort and 45 minutes to Lexington. Please read attached Historic Information about Science Hill & Wakefield Scearce Gallery.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Tax ID/APN: S10-16-004
Zoning: CBD (SHELBYVILLE)
Retail Clientele: General, Business, Tourist, Other
Property Located Between: Louisville & Lexington
Property Visibility: Excellent
Largest Nearby Street: US60/Shelbyville Rd
Highway Access: US60
Airports: Louisville International Airport
Site Description: Buildings and Grounds are in meticulous shape.
Area Description: Within walking distance of Downtown Main Street which offers shopping and restaurants
Construction/Siding: Brick
Exterior Description: Brick construction with a limestone, brick and concrete foundation.
Total Parking Spaces: 106
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: Central Business District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,783 19,323 22,858
Median Age: 36.16 34.83 36.01
Households: 2,171 7,092 8,441

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