Iconic Infill Industrial or Multifamily Development Opportunity

Industrial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30867148
Property Subtypes: Free-Standing
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: 5/16/2024

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

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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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