Investment Opportunity to own 2 Downtown Properties - 95% Occupied

Office for Sale
Catylist Listing ID: 30859619
Property Subtypes: Medical, Net Leased, Office Building, Other
Building Size (RSF): 41,742 SF
Gross Building Area: 48,556 SF
Sale Price: $4,000,000
Unit Price: $95.83 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 7.25%
Last Updated: 3/22/2024

Overview / Comments

310 and 324 East Broadway is conveniently located in downtown Louisville directly across from Norton Hospitals with quick access to I-65.

310 East Broadway was elegently constructed in 1864 and was the home of Louis Brandeis. It blends the original architectural allure of Louisville's past with contemporary conveniences. Many of it's original construction remain today including the stone front facade and interior wooden staircase. The property is currently 95% occupied by 9 tenants.

324 East Broadway was constructed in 1960. It is currently leased to the Kingdom Fellowship Church.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 030B00970000
Zoning: C-3 - Commercial District
Total Number of Buildings: 2
Total Parking Spaces: 70
Passenger Elevators: 1
Sprinklers: Wet, None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,896 137,427 320,682
Median Age: 37.36 35.65 37.11
Households: 10,528 61,299 138,793
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