Portland Ave Mixed Use Space For Sale

Office for Sale
Catylist Listing ID: 30872267
Property Subtypes: Coworking, Mixed Use, Flex Space, Office Building
Building Size (RSF): 10,684 SF
Gross Building Area: 13,881 SF
Gross Land Area: 0.80 Acres
Sale Price: $799,000
Unit Price: $74.78 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Anchor Building
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 5/9/2024

Overview / Comments

The Anchor Building sits along the historic commercial corridor of Portland Avenue among local businesses such as Shaheen's Department Store, Janes Brothers Hardware, Kyros Brewing, and Outsider Art Museum & Gallery. The former Boys and Girls Club has been updated and features several office/flex spaces, basketball gym, partially finished basement, private parking lot, and green space.

The Anchor Building is home to multiple organizations including Young Authors Greenhouse, Schooler Prep Academy, DeCode Project, and more. The 2018 renovation of the ground floor office included HVAC updates and two new restrooms. Tenants and visitors enjoy the large private parking lot directly behind the building with two electric car charging stations.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 005F00430000
Zoning: C-1 - Commercial District
Property Visibility: Excellent
Highway Access: Interstate 64, Exit 3 - 22nd Street. Turn right onto Portland Ave. Building is on the right between 25th and 26th Streets
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1953
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Parking Description: Large private parking lot directly behind the building with two electric car charging stations.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,373 115,529 251,400
Median Age: 33.52 35.68 36.68
Households: 3,822 48,798 108,552

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