Paristown Pointe Mixed-Use Commercial

Office for Sale
Also listed as Retail-Commercial, Multi-Family
Catylist Listing ID: 30870660
Property Subtypes: Office Building
Building Size (RSF): 25,374 SF
Gross Building Area: See Agent
Sale Price: $4,400,000
Unit Price: $173.41 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/17/2024

Overview / Comments

This is a rare opportunity to acquire two separate buildings with mixed uses at the confluence of The Highlands, Paristown Pointe and the in-development Urban Government Center. This offering is comprised of two buildings plus a parking lot in between (704 and 706 Barret Ave are not included).

710 Barret Ave. contains over 17,000 sf of private offices, meeting rooms, and open space, plus a fully conditioned lower level with overhead door and alley access. The property is ideal for flexible office user who can take advantage of a variety of space options and utilize the lower level for additional storage or service needs.

1020 East Broadway contains over 8,000 sf situated prominently on the corner of Barret and Broadway. It is currently leased to Seven Counties Services, a longstanding local non-profit organization. The building also includes an active Airbnb unit that is approx. 1,140 SF with three bedrooms and 1.5 bathrooms (sold furnished), as well as three other apartment units.

These properties have undergone extensive renovation and upgrades over the years, and continue to be well maintained. This offering is an excellent opportunity for an owner user who can use all or a portion of one building and enjoy the ancillary income from the other. A buyer will also realize strong intrinsic value of the underlying real estate in this infill location with significant nearby development underway.

> Approx. 25,374 total sf (17,000+ Barret/ 8,000+ Broadway)
> 36 spaces of parking on site
> 3 BR/1.5 BA Airbnb/ three 1BR apartments
> Long term tenant on Broadway building
> Flexible office space and fully conditioned walk-out lower level

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 0000SROW0000|142
Zoning: OR-3 - Office/Residential District

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,052 130,283 322,736
Median Age: 34.06 36.4 37.35
Households: 8,467 59,232 140,363
© 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.