Catylist ID:
#30835971
| Catylist Listing ID: | 30835971 |
| Property Subtypes: | Coworking, Mixed Use, Office Building |
| Building Size (RSF): | 30,612 SF |
| Gross Land Area: | 0.25 Acres |
| Sale Price: | $2,659,000 |
| Unit Price: | $86.86 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: | 9/25/2023 |
Overview / Comments
|
This listing includes the sale of two buildings, 111 W Washington St. and 124 N. First Street. Both buildings are located in an OPPORTUNITY ZONE. The square footage for both buildings total 30,612sf. Roots 101 African American Museum occupies the entire building at 124 N First Street and 111 W. Washington St. is leased by multiple office tenants. Space could be made available for an owner user as a Buyer. 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 Moxy Hotel and Hotel Distil and the large green space behind the 650,000sf Humana Waterside Building. 111 W. Washington is part of the "Whiskey Alley" behind the Main Street Whiskey Row with restaurants on Washington St. 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 air handling units. 124 N. First Street is 11,628 SF and 111 W. Washington is 18,984 SF, plus a basement. Some space could be available in 111 W. Washington Street for an owner-user. The buildings are sprinklered. There is a boiler in the basement of 111 W Washington with air handling units dispensing the heat and cooling towers on the roof of 124 N first St. for air for both buildings. |
Attachments & Media
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 018K00050000 |
| Zoning: | C-3 - Commercial District |
| Property Visibility: | Excellent |
| Highway Access: | 124 N First St is visible from I-64 if someone wanted a huge sign and name recognition from I-64. |
| Area Description: | This area is called the Whiskey Row area and it has it all; hotels, the YUM Center, restaurants, bars, and retail shops. |
| Total Number of Buildings: | 2 |
| Number of Stories: | 4 |
| Year Built: | 1940 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Exterior Description: | Corner location with lots of big windows. |
| Parking Type: | Structure |
| Parking Description: | Parking Garages Nearby |
| Passenger Elevators: | 1 |
| Sprinklers: | Wet |
| Heat Type: | Electricity, Natural Gas |
| Heat Source: | Heat Pump |
| Air Conditioning: | Package Unit |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
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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