Catylist ID:
#30863307
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: | $1,100,000 |
| Unit Price: | $84.16 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/6/2024 |
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 |
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. |
