Warehouse Flex Space w/ Redevelopment Potential
Industrial
for Sale
| Catylist Listing ID: |
30863307 |
| Property Subtypes: |
Flex Space, Mixed Use, Office Showroom, Self Storage, Warehouse/Distribution, Other
|
| Building Size (RSF): |
13,070 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$825,000 |
| Unit Price: |
$63.12 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User, Business |
| Building Name: |
The Phoenix |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/24/2024 |
Overview / Comments
13,070+/- SF warehouse with 3 vacant side lots is being utilized as a USDA-approved facility and storage for 2 companies that will vacate upon closing. Zoned OR-2 the warehouse could be converted to multifamily, office, event space, and/or up to 20 residential units given the current area size. Warehouse features 3 garage doors, a commercial kitchen, PVC & TPO roofs, as well as a designated office area. The steel and concrete block constructed warehouse was built to last.
Well positioned just outside the growing Nulu Corridor in the Phoenix Hill Neighborhood. Very close proximity to the downtown medical district.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Taxing Authority: |
Jefferson County |
| 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. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
6,535 SF |
| Property Condition: |
Good |
| 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: |
4 rear parking spots (fenced) and ample street parking.
|
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Lighting: |
LED |
| Internet Access: |
Fiber Optic |
| Zoning Description: |
OR-2 |
| Lot Frontage: |
112 |
| Lot Depth: |
163 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
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 |
|
© 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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