McCrory Dept Store Food/Hotel near new multi-family, convention/hotels

Retail-Commercial for Sale
Catylist Listing ID: 30779038
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Movie Theatre, Parking Facility, Post Office, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 30,279 SF
Gross Land Area: 0.20 Acres
Sale Price: $2,200,000
Unit Price: $72.66 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: McCrory Department Store
Usable Size (USF): 30,279 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/30/2024

Overview / Comments

FOR SALE and FOR LEASE

C3 zoning - per PVA:

544-548 S 4th St (McCrory Dept Store/Mimi's)
.1989 acres, 30,279 sq ft above grade and 14,898 below grade

Was part of a three bldg listing. Just 544-548 S 4th St is now under contract for sale. The other two buildings are now marketed separately going forward.

READY TO BECOME A HOTEL/Multi-Family/Mixed-Use, RETAIL location

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Louisville
Tax ID/APN: 013E00560000
Zoning: C-3 - Commercial District
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino
Property Located Between: Chestnut and Muhammad Ali
Property Visibility: Excellent
Largest Nearby Street: 4th St
Highway Access: I-65, I-71, I-64
Airports: Muhammad Ali Airport
Site Description: the former McCrory Department Store buildi
Area Description: the traditional retail shopping area of Louisville. Surrounded by multiple top level hotels, the 4th St Live! entertainment center, office towers (HQ tenants Humana, PNC, Kindred, etc), Louisville Palace Theater, Urban Bourbon Trail destinations, KFC YUM area.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Fair
Year Built: 1910
Construction/Siding: Brick
Exterior Description: brick and stone
Parking Description: On the street
Zoning Description: C3 is a very inclusive commercial zoning designation
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,681 139,786 299,532
Median Age: 36.08 35.34 37.05
Households: 8,506 61,162 129,612
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