Investment Opportunity to own 2 Downtown Properties - 95% Occupied
Office
for Sale
| Catylist Listing ID: |
30859619 |
| Property Subtypes: |
Medical, Net Leased, Office Building, Other
|
| Building Size (RSF): |
41,742 SF
|
| Gross Building Area: |
48,556 SF |
| Sale Price: |
$4,000,000 |
| Unit Price: |
$95.83 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.25% |
| Last Updated: |
4/23/2024 |
Overview / Comments
310 and 324 East Broadway is conveniently located in downtown Louisville directly across from Norton Hospitals with quick access to I-65.
310 East Broadway was elegently constructed in 1864 and was the home of Louis Brandeis. It blends the original architectural allure of Louisville's past with contemporary conveniences. Many of it's original construction remain today including the stone front facade and interior wooden staircase. The property is currently 95% occupied by 9 tenants.
324 East Broadway was constructed in 1960. It is currently leased to the Kingdom Fellowship Church.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
030B00970000 |
| Zoning: |
C-3 - Commercial District |
| Total Number of Buildings: |
2 |
| Total Parking Spaces: |
70 |
| Passenger Elevators: |
1 |
| Sprinklers: |
Wet, None |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
21,896 |
137,427 |
320,682 |
| Median Age: |
37.36 |
35.65 |
37.11 |
| Households: |
10,528 |
61,299 |
138,793 |
|
© Copyright 2024 Moody's. All Rights Reserved.
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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