Office / Medical Building (Sale or Lease)
Office
for Sale
| Catylist Listing ID: |
30655444 |
| Property Subtypes: |
Executive Suites, Coworking, High-Tech, Institutional, Medical, Office Building, Other
|
| Building Size (RSF): |
10,000 SF
|
| Gross Building Area: |
10,624 SF |
| Gross Land Area: |
0.25 Acres
|
| Sale Price: |
$1,095,000 |
| Unit Price: |
$109.50 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Building Name: |
Asia Institute - Crane House Building |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/12/2021 |
Overview / Comments
For Sale or Lease, or Sales & Lease-back with owner leasing back a certain floor, which shall be negotiated
This stunning and well maintained Victorian Italianate style building with a circular driveway is nestled in historic Old Louisville, just north of Ormsby on Third Street with short walk to coffee shops and restaurants. The total square footage is approximately 10,624+,- s.f. including a 2,000 +,- basement. The building was renovated into office & event space in the late 90's, and has received many updates recently such as new elevator and roof in 2013, new kitchen in 2016, and HVAC in 2019. The interior features both original architecture and modern design elements combined with the original beauty of the majestic staircase and other elements, while many of the work spaces and the event spaces enjoy modern, and open designs.
Currently, the layout boasts several individual offices, both large and small conference rooms, library, and the beautiful open event or gallery space could also be converted into executive offices. There is also a state of the art kitchen with GE appliances, and a recently maintained elevator services all floors of the building. The sprinkled dry lower level is currently used for storage. Property is also ADA compliant.
(Floor plan and square footage are estimated and not according to BOMA standard)
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
032A00850000 |
| Zoning: |
TNZD - Traditional Neighborhood Zoning District |
| Property Located Between: |
Ormsby & S. Third |
| Property Visibility: |
Excellent |
| Highway Access: |
I-65 |
| Site Description: |
Site is located on Third Street, with ample parking and great exposure. |
| Area Description: |
Nestled in historic Old Louisville on the main path of Third Street close to U of L. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Year Built: |
1885 |
| Year Renovated: |
2016 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick/Vinyl Siding, Stone |
| Exterior Description: |
Brick and stone. Excellent condition. |
| Parking Type: |
Surface |
| Parking Description: |
Back lot, and street parking. |
| Total Parking Spaces: |
18 |
| Passenger Elevators: |
1 |
| Sprinklers: |
Wet |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Interior Description: |
Completely renovated and in excellent condition.
HVAC & new kitchen renovated in 2016. Elevator and roof updated and replaced in 2013. |
| Zoning Description: |
Traditional Neighborhood Zoning District (TNZD) |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
24,710 |
151,376 |
315,437 |
| Median Age: |
32.78 |
35.27 |
36.68 |
| Households: |
11,589 |
65,505 |
135,640 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
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