Bakery Square - Butchertown Office Building

Office for Sale
Catylist Listing ID: 30571496
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 30,654 SF
Gross Building Area: See Agent
Gross Land Area: 0.51 Acres
Sale Price: $2,750,000
Unit Price: $89.71 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2022

Overview / Comments

Price reduced $700k!
Perfect asset for an owner-occupant or investor. Don't miss this opportunity to invest within Louisville's hottest neighborhood, Butchertown, with this circa 1870s timeless office building. The current owner occupies the majority of the 1st floor and leases out the rest of the building to 15 ± tenants. The current state of the property allows for an owner-occupant to move right into the current owner's space and collect additional rental income, or for an investor to have the immediate potential to re-lease the bulk of the total rentable square feet at market rate.

Property feature include:
+ Timeless curb appeal in Louisville's hottest neighborhood
+ Close proximity to Downtown and all major interstates
+ Fantastic walk-ability to ample restaurants, retailers, and nearby amenities
+ Tremendous upside potential for owner-occupant or investor
+ Beautiful brick courtyard in the core of the site offering additional work space and retreat area

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 019J00200000
Zoning: C-3 - Commercial District
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1870
Construction/Siding: Brick
Zoning Description: C-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,906 119,008 307,528
Median Age: 37.5 36.59 37.63
Households: 4,574 54,520 135,188
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