Online Auction of Developer Rights for 2 Office Buildings J-Town

Office for Sale
Sale Pending
Catylist Listing ID: 30827711
Property Subtypes: Office Building
Status: Pending
Building Status: Proposed
Building Size (RSF): 22,840 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Up For Auction: Yes
Auction Type: Disclosed Reserve
Auction Reserve Amount: 50,000
Auction License Number: 256901
Cap Rate: Undisclosed
Last Updated: 2/2/2023

Overview / Comments

These two building pads will be going to auction on January 27th, 2023 and will be selling to the highest bidder at or above $50,000 ending on February 1st, 2023. It is important to note that one is not buying the land, but instead the development rights from the developer. Both pads must be bought together. One of the pads has the foundation poured for an 11,420 SF office building similar to that of 10608 & 10610 Watterson Center Ct. The other is completely bare.

The two building pads have previously been approved for an office condominium similar to that of 10608 &10610 Watterson Center Ct. One of the pads already has the foundation poured for a 11,420 SF office condominium, while the other is bare. Sewers and fiber optic cable are on site and ready to be tapped into.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 003900550000
Zoning: PEC - Planned Employment Center District
Property Located Between: Plantside Dr and Watterson Trail
Highway Access: I-264 and I-265 from I-64
Airports: SDF
Site Description: These two building pads have previously been approved for an office condominium, with one having foundation poured for 11,420 SF. Sewers and fiber optic cable are on site and ready to be tapped into for any new developer.
Area Description: In the heart of Bluegrass Industrial Park, this area is home to more than 850 of businesses with over 30,000 employees and spans a wide variety of industries. The park has easy interstate access to I-64 through Hurstbourne Pkwy or Blankenbaker Pkwy. There is also access to I-264 and I-265 from I-64. The Muhammad Ali International Airport is just 13 miles from the business park.
Parking Type: Surface
Internet Access: Cable, Fiber Optic
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,384 78,486 195,067
Median Age: 38.8 40.38 39.98
Households: 1,475 33,561 82,718
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