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: $2,480,000
Unit Price: $120.40 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: 5/7/2024

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.

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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

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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
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