10,418 Sq Ft Concrete Warehouse - 1.75 Acres

Industrial for Sale
Catylist Listing ID: 30722856
Property Subtypes: Cold Storage, Flex Space, Food Processing, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Truck Terminal, Warehouse/Distribution, Other
Building Size (RSF): 10,418 SF
Gross Building Area: See Agent
Gross Land Area: 0.93 - 1.75 Acres
Sale Price: $980,000
Unit Price: $94.07 PSF
Ceiling: 12 ft.
Docks/Doors: 1 Dock
Office SF: 1,316 SF
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/24/2024

Overview / Comments

Hundreds of millions of dollars spent and being spent within 5 minutes of this property. See attachments.

Site Description: This all-concrete warehouse (floor, walls, roof) is located on 0.9295 acres. An additional 0.825 contiguous acres (total 1.75 acres) of vacant land is available for purchase at additional cost. Most of the land is concrete pad.

Address; The property is located at 3044 West Broadway and comprises 2 contiguous parcels, 0.925 acres:
046A00220000 - 0.4946 acres HAS STRUCTURE 3044 W Broadway
046A00260000 - 0.4349 acres HAS STRUCTURE 3044 W Broadway

An additional of 0.825 acres of vacant contiguous land is also for sale - see www.kcrea.com/listing/30822508.
046A00200000 - 0.4442 acres VACANT LAND 3048 W Broadway
046A00210000 - 0.3808 acres VACANT LAND 3048 W Broadway

Entry: Entry to the property is via one of 3 gates: one at the north end, one in the middle on the west side of the property and one on the south end.

Highway Access: As you will see from the photos, the property is just minutes from multiple interstate access.

Division of Space: The 10, 416 warehouse space is divided as follows:
8322 sq ft of storage warehouse space (includes 1760 sq ft insulated area)
780 sq ft loading dock
1316 sq ft office space
10,416 total sq ft

Insulated Area - Cold Storage - Sound Barrier: Running along the west wall of the building is a 22' wide enclosed room which is extremely well insulated. We believe it was once used for cold storage of some type. It is insulated with Styr, a concrete-backed styrofoam insulation.

Loading Dock: The loading dock is almost the width of the building and can accommodate 5 parked trucks simultaneously.

Drive-In Door: The drive-in door is about 10 feet high.

Ceilings: 12' ceilings

Span: Clearspan

Utilities: Electric, Water, Gas, Municipal Sewer

Railway Spur: The property's eastern border is a railway track running N-S; there are railway tracks on the property and evidence that there was once an adjoining spur. From a conversation with the railways, it appears that the rail spur could be used if needed. Buyer to verify.

Zoning: Zoned EZ-1, (Enterprize Zone District), this property allows all uses permitted in the C-2 Commercial and M-3 Industrial zones, with a few exceptions.

Condition: The building (roof, walls, floor) and parking pad are constructed from virtually indestructible concrete. Roof rep[laced in 2021. Some rehab required.

Area Development: This property is in the path of progress. Hundreds of millions of dollars in recent development are close by.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 046A00200000
Zoning: EZ-1 - Enterprise Zone District
Property Located Between: W Broadway and Garland Ave.
Highway Access: Closest Access to I-264; easy access to other interstates.
Rail Access: Yes
Airports: SDF
Site Description: Level, mostly paved with concrete. 3 sides fenced.
Area Description: Hundreds of millions of dollars have been pumped into new developments within a stone's throw of this property, with more investment money to come. See, for example, the articles numbered 1 through 5, attached to this listing.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1960
Year Renovated: 2022
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Concrete, extremely durable
Parking Type: Surface
Parking Description: Most of the area not occupied by the building is flat and paved with concrete and can be used for parking.
Zoning Description: EZ-1
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,921 107,974 252,683
Median Age: 34.44 35.23 36.49
Households: 8,510 44,436 107,222

Contact

Photograph of Listing Agent

Neil Blumberg

Metro 1 KCREA Member
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