Catylist ID:
#30835971
| Catylist Listing ID: | 30835971 |
| Property Subtypes: | Office Building |
| Building Size (RSF): | 29,700 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.25 Acres |
| Sale Price: | $2,659,000 |
| Unit Price: | $89.53 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Building Name: | 111 W. Washington |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/24/2023 |
Overview / Comments
|
This listing also includes the buildings at 124 N. First Street. The square footage for 124 N. First Street is included in the total SF and Roots 101 African American Museum occupies the entire building. 111 W. Washington is 100% leased by multiple tenants. This listing does not include the surface parking lot adjacent to 124 N. First Street. A minor sell-off plat will be set up and the parking lot will become a separate parcel. These office buildings are located across the street from the park behind the Humana Waterside Building. 111 W. Washington is part of the "Whiskey Alley" behind the Main Street Whiskey Row. Recent improvements to the two buildings include the purchase of a new circulating pump to provide water to the roof cooling towers for both buildings costing approximately $45,000, upgrades made to many restrooms, and the purchase of two new HVAC units. 124 N. First Street is 10,700 SF and 111 W. Washington is 18,920 SF, plus a basement. Some space could be available in 111 W. Washington Street for an owner-user. |
Attachments & Media
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 018K00050000 |
| Zoning: | C-3 - Commercial District |
| Total Number of Buildings: | 2 |
| Construction/Siding: | Brick |
| Parking Description: | Parking Garages Nearby |
| Passenger Elevators: | 1 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,274 | 132,969 | 305,368 |
| Median Age: | 34.28 | 35.5 | 37.16 |
| Households: | 4,429 | 58,916 | 132,288 |
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