Whiskey Row Area Office Building For Sale

Office for Sale
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

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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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