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: |
7/25/2024 |
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.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
015C00310000 |
| Zoning: |
EZ-1 - Enterprise Zone District |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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