Central Louisville Value Add In Opportunity Zone

Retail-Commercial for Sale
Catylist Listing ID: 30786936
Building Size (RSF): 8,838 SF
Gross Building Area: See Agent
Sale Price: $400,000
Unit Price: $45.26 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2022

Overview / Comments

This is a value-add opportunity in a high traffic, central location close to UofL, Cardinal Stadium, and Churchill Downs. It contains a total of 8,838 sf and has been demoed into shell condition with new utility service, roof and windows.

Priced to sell at only $45.00 psf, this presents the opportunity for either an owner occupant or a commercial or multifamily investor who can complete the project.

The surrounding area is stable and mature but is also experiencing constant growth with new student housing and continued expansion by UofL. The property could also be purchased with the adjoined listing at 2621 S 4th Street.

-8,838 total sf with significant infrastructure work already performed
-Flexible EZ-1 zoning
-Centrally located near UofL and Churchill Downs
-Great for investor or owner occupant seeking
-Priced at only $45 psf- Opportunity Zone

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 050C00130000
Zoning: EZ-1 - Enterprise Zone District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,779 145,858 301,309
Median Age: 30.19 35.53 36.76
Households: 6,193 63,561 129,267
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