PUBLISHED MINIMUM BID AUCTION-$350,000.00

Office for Sale
Auction
Also listed as Retail-Commercial, Special Purpose
Catylist Listing ID: 30706506
Property Subtypes: Medical, Mixed Use, Office Building
Building Size (RSF): 26,749 SF
Gross Building Area: 40,572 SF
Gross Land Area: 0.76 Acres
Sale Price: See Agent
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Undisclosed, Cash to Seller
Up For Auction: Yes
Auction Type: Disclosed Reserve
Auction Reserve Amount: 350,000
Auction License Number: 851
Cap Rate: Undisclosed
Last Updated: 2/24/2021

Overview / Comments

PUBLISHED MINIMUM BID-$350,000.00 (Previously listed over a $1M)
ONLINE ONLY-www.BidKentucky.com
228-232 East Jacob Street, Louisville, KY
Bidding ends on Thursday, March 18, 4:00pm
www.bidkentucky.com

C-2 Property located in OPPORTUNITY ZONE.

Great development opportunity! Property is approximately 40,500 total SF with 13,800 SF in the lower level and is situated on approximately ¾ of an acre and benefits from a fantastic location close to the Central Business District, NULU and hospitals.
The large open space provides creative ability to repurpose the use. Mixed uses could include, Lofts, Offices, Multi-Family, Gallery, Medical, Music Venue, Event Space, Hotel and of course, Church.

C-2 zoning permits a wide range of users. Located within the Qualified Opportunity Zone (Tract # 21111006200) with historical tax credits available, this property is ideal for any investor.
Seller has pastored there since the 1970's and is ready for the next chapter. Desire to close quickly, gives you opportunity for a great investment with plenty of upside.
OPEN HOUSES: Wednesday, March 10, 12:00-2:00pm & Wednesday, March 17, 12:00-2:00pm

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 030B00190000
Zoning: C-2 - Commercial District
Property Visibility: Good
Highway Access: I-65
Airports: SDF - Louisville International
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1900
Parking Type: Surface
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,875 138,374 320,609
Median Age: 37.44 35.56 37.04
Households: 10,694 61,692 138,482
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