2843 Brownsboro Road
Office
for Sale
| Catylist Listing ID: |
30872158 |
| Property Subtypes: |
Office Building
|
| Building Size (RSF): |
20,598 SF
|
| Gross Land Area: |
0.80 Acres
|
| Sale Price: |
$2,250,000 |
| Unit Price: |
$109.23 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
95 |
| Last Updated: |
7/16/2024 |
Overview / Comments
2843 Brownsboro Road in Louisville, KY, presents an excellent opportunity for buyers seeking an office/investment property in a great location. Built in 1969, the two-story building offers a total of 20,598 gross square feet. The ~14,000 square feet of leasable space is 95% occupied by 17 tenants of varying sizes. The building has historically stayed full because it offers a quiet, professional, and comfortable work environment in an excellent location.
Strategically located on lower Brownsboro Road, the property offers easy access to major transportation routes, ensuring excellent connectivity to other parts of Louisville and beyond. It is in the heart of the Brownsboro Road / Clifton / Crescent Hill corridor, just minutes from downtown and minutes from I-71 or St. Matthews. Additionally, the building is close to a range of amenities, including restaurants, retail establishments, and recreational facilities.
Current ownership has made significant, capital improvements, replacing the roof in 2018 and the building’s chiller in 2018. Both have remaining warranty. The parking lot was also re-sealed and striped in the last year.
The property is zoned OR2, allowing a variety of office and related uses.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
088E02860000 |
| Zoning: |
OR-2 - Office/Residential District |
| Property Visibility: |
Good |
| Site Description: |
Quiet lot with surface parking at the door. |
| Area Description: |
A convenient, East Louisville location on the outskirts of St. Matthews and bordering on Crescent Hill. Within very close driving distance of dining, shopping, hotels and schools. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1969 |
| Construction/Siding: |
Brick |
| Exterior Description: |
Red brick, Colonial |
| Parking Type: |
Surface |
| Passenger Elevators: |
1 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
15,121 |
104,451 |
286,570 |
| Median Age: |
38.52 |
39.88 |
38.83 |
| Households: |
7,649 |
49,026 |
128,972 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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