Catylist ID:
#30870993
Germantown/Shelby Park Development Opportunity or Infill Industrial
Industrial
for Sale
| Catylist Listing ID: | 30870993 |
| Property Subtypes: | Free-Standing, Mixed Use, Warehouse/Distribution |
| Building Size (RSF): | 31,960 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $850,000 |
| Unit Price: | $26.60 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/14/2024 |
Overview / Comments
|
Situated in the high-demand and fast-growing Shelby Park/Germantown neighborhood, this warehouse is among the last redevelopment opportunities in the area. The prime location, flexible zoning, and large lot allow for myriad future uses for the property. Built in 1922, the warehouse has beautiful brick and other historic elements. There are two above ground stories, plus 10,472 SF of lower level space (included in the size calculation). Redevelopment proposals have included hotel, Airbnbs, apartments, and mixed use. Ceiling height is approx. 12'. There are two curb cuts to access the property, a sprinkler system (needs repair), and freight elevator (needs repair). To access development proposal: https://connect.prgproperty.com/deal-room/175?signature=aaead93f4f977d3e631a91b65cb66439100e5e256572168ee67fe4ee150c8956 |
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 022C00480000 |
| Zoning: | EZ-1 - Enterprise Zone District |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 23,366 | 140,684 | 327,409 |
| Median Age: | 34.66 | 36.1 | 36.9 |
| Households: | 11,119 | 63,134 | 141,701 |
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