Catylist ID:
#30867148
Iconic Infill Industrial or Multifamily Development Opportunity
Industrial
for Sale
Also listed as Multi-Family
| Catylist Listing ID: | 30867148 |
| Property Subtypes: | Free-Standing |
| Building Status: | Proposed |
| Building Size (RSF): | 35,932 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.40 Acres |
| Sale Price: | $950,000 |
| Unit Price: | $26.44 PSF |
| Docks/Doors: | 1 Dock, 1 Door |
| Property Use Type: | Investment, Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/19/2024 |
Overview / Comments
|
This three story (plus lower level) concrete superstructure located in Shelby Park is ideally situated in the midst of the city, close to urban destinations and access to I-65 and I-64. Most of the building has 15' clearance, but it goes as high as 17'. There is a 12' x 12' overhead door with dock high access, wet sprinkler system, freight elevator, and 20' column spacing. Flexible EZ-1 zoning allows for a variety of uses. The property can be accessed either from E. Kentucky St. or 113 E. Saint Catherine St. Given its central location, a developer may choose to convert the building to apartment or Airbnb units. The sellers have architectural drawings for 35 condos plus lower level and off street parking that can be shared. This offering also includes 917 E. Saint Catherine St., a 1,040SF single family dwelling (currently gutted and vacant). |
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 022HSROW0000 |
| Zoning: | EZ-1 - Enterprise Zone District |
| Column Spacing: | 20' |
| Freight Elevators: | 1 |
| Sprinklers: | Wet |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 23,366 | 141,711 | 325,079 |
| Median Age: | 34.66 | 36.08 | 36.88 |
| Households: | 11,119 | 63,521 | 140,784 |
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