Prime Downtown Louisville Retail and Office - Online Auction 9/10-9/15

Retail-Commercial for Sale
Catylist Listing ID: 30640622
Property Subtypes: Convenience Store, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 5,744 SF
Gross Building Area: See Agent
Gross Land Area: 0.02 Acres
Sale Price: See Agent
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Auction License Number: 216848
Cap Rate: Undisclosed
Last Updated: 9/9/2020

Overview / Comments

SVN Premier CRE & Auctions is conducting the online auction of Prime Retail and Office space at the corner of West Market and South Fifth Street in Downtown Louisville, KY.
The street level units are completely leased by restaurants and a convenience store. (Current tenants include Osaka, Downtowner Deli, Hot Box Eatery, and more.) There is great potential for the upper floors to be returned to office space or developed into apartments.

According to the PVA, 201, 205, 207 S 5th Street, and 440 W Market Street make up 5,744 SF. All roofs have been replaced fairly recently, and HVACs are said to be in good shape by owner.

These properties will be auctioned in the same timeframe as 211, 213,215, 219, 223 S 5th, 426 W Market, and 438 W Market. The properties can be purchased together, or separately.

Open houses are: September 3, 2020: 12:00 PM - 2 PM
September 10, 2020: 1200 PM - 2PM

Online Auction of 201, 205, 207 S 5th Street, and 440 W Market Street. Bidding begins on Thursday, September 10, and begins to close at 4 PM Tuesday, September 15th.

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Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 014E00330000, 014E00320000
Zoning: C-3 - Commercial District
Retail Clientele: General, Business, Recreation, Other
Property Located Between: Main and Jefferson
Property Visibility: Excellent
Largest Nearby Street: Main Street
Highway Access: I65 to I71, I64
Airports: Louisville International Airport
Site Description: Located on a corner lot on S 5th and Market.
Area Description: This property is located near venues, great restaurants, multiple TARC stops, close to 4th street live, KFC YUM! Center, and much more.
Tenancy: Multiple Tenants
Number of Stories: 4
Property Condition: Average
Year Built: 1890
Construction/Siding: Brick
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,613 132,852 302,697
Median Age: 31.62 35.36 36.93
Households: 5,451 57,965 130,656


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