Warehouse Flex Space w/ Redevelopment Potential

Industrial for Sale
Catylist Listing ID: 30863307
Property Subtypes: Flex Space, Food Processing, Free-Standing, Mixed Use, Light Industrial, Office Showroom, Research & Development, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 13,070 SF
Gross Building Area: See Agent
Sale Price: $950,000
Unit Price: $72.69 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/10/2024

Overview / Comments

The warehouse is being utilized as a USDA-approved facility and storage for 2 companies that will vacate upon closing. With the OR-2 zoning, the warehouse could be converted to multifamily, office, and/or event space.

In addition to the warehouse, the asking price includes .23 acres of vacant land zoned OR-2.

The adjacent duplex is being sold as a package Catylist ID: 30860375.

Disclaimer: This information has been obtained from reliable sources. Broker has no reason to doubt its accuracy but it may contain errors or omissions. Broker makes no representation, warranties or guarantees with respect to this information and Buyer should review all of it.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 016E01610000
Zoning: OR-2 - Office/Residential District
Property Located Between: E Chesnut & S Campbell St
Highway Access: I-64 & I-65
Airports: Louisville International Airport - 7.1 miles
Site Description: - 13,070 sqft warehouse with 3 vacant side lots. - With OR-2 Zoining the property can be utilized for short term rentals or up to 20 residential units given current area size. - The Warehouse has 3 garage doors - The steel and concrete block constructed warehouse was built to last. It includes a commercial kitchen, PVC & TPO roofs, as well as a designated office area.
Area Description: Well positioned just outside the growing Nulu Corridor in the Phoenix Hill Neighborhood. Very close proximity to the downtown medical district.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 6,535 SF
Property Condition: Excellent
Year Built: 1880
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Warehouse: steel and concrete block constructed with PVC & TPO roof
Parking Type: Surface
Parking Description: 2 parking spots behind the adjacent duplex and street parking. The adjacent duplex is being sold as a package Catylist ID: 30860375.
Zoning Description: OR-2
Lot Frontage: 112
Lot Depth: 163
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,351 130,901 317,519
Median Age: 33.9 36.46 37.54
Households: 7,160 59,353 138,520


Photograph of Listing Agent

Cal J Lewellyn

EXP Realty LLC KCREA Member
Photograph of Listing Agent

Stephanie L Gilezan

EXP Realty LLC KCREA Member
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