Two Adjacent Properties Near UofL

Retail-Commercial for Sale
Catylist Listing ID: 30765960
Building Size (RSF): 14,638 SF
Gross Building Area: See Agent
Sale Price: $800,000
Unit Price: $54.65 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/15/2022

Overview / Comments

This commercial opportunity is comprised of two adjacent properties in a central location. They are in close proximity to UofL, Cardinal Stadium, and Churchill Downs. 317 Winkler contains 8,838 sf and has been demoed into shell condition with new utility service, roof and windows. 2621 S 4th is 5,800 sf and contains 4 tenants and is currently fully leased.

This presents the opportunity for either an owner occupant who can use one building and enjoy the ancillary income from the other, or a commercial or multifamily investor can complete the project and lease any remaining vacant space. They contain plenty of parking at the door and easy ingress and egress.

The surrounding area is stable and mature but is also experiencing constant growth with new student housing and continued expansion by UofL. They could be purchased together or separate.

-14,638 between 2 abutting buildings- 317 Winkler (8,838 sf) & 2,621 S 4th (5,800 sf)
-Flexible EZ-1 zoning
-One building fully leased and other has new building envelope
-Centrally located near UofL and Churchill Downs
-Great for investor or owner occupant seeking ancillary income
-Purchase together or separately

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 050C00040000
Zoning: EZ-1 - Enterprise Zone District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,779 145,003 303,266
Median Age: 30.19 35.44 36.74
Households: 6,193 63,119 129,949
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