Historic Urban Industrial Opportunity

Industrial for Sale
Also listed as Retail-Commercial, Office
Catylist Listing ID: 30791950
Property Subtypes: Cold Storage, Flex Space, Food Processing, Industrial-Business Park, Research & Development, Other
Building Size (RSF): 59,150 SF
Gross Building Area: See Agent
Sale Price: $2,900,000
Unit Price: $49.03 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/8/2024

Overview / Comments

This rare commercial opportunity is located in an Opportunity Zone on historic West Main Street on the edge of Downtown Louisville. The property is a truly unique opportunity to acquire a multi- story warehouse property with a lower level that could easily be converted to an indoor parking facility.

Constructed in 1923, the building contains 40,000 + sf on the first and second floors that was previously used for both office and warehouse use. The lower level is 18,000 + sf that has direct access off of the street and can be to easily converted to a 38-space parking garage. The building is located just off of the I-64 on ramp and is just one block off historic museum row. The site abuts Phase 4 of the soon- to-be expanded waterfront park, which should provide an enormous enhancement to the immediate area.

This presents an excellent opportunity for a tourism related user, or a warehouse/industrial user who is seeking a building with historic character in an urban setting.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 015C00310000
Zoning: EZ-1 - Enterprise Zone District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,335 132,918 295,521
Median Age: 30.79 35.18 37.01
Households: 4,480 57,217 127,869
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