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: 4/3/2021

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

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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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