Catylist ID:
#30870660
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: | $4,200,000 |
| Unit Price: | $165.52 PSF |
| Property Use Type: | Investment, Vacant/Owner-User, Business |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 7/3/2024 |
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 |
Attachments & Media
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 0000SROW0000|142 |
| Zoning: | OR-3 - Office/Residential District |
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 |
Contact
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