Completely Renovated Highlands Asset :: FOR SALE

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30499227
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 6,811 SF
Gross Building Area: See Agent
Sale Price: $1,875,000
Unit Price: $275.29 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/2/2019

Overview / Comments

Now offering for sale, 1905 Bardstown Road, a completely renovated mixed use property located along the high traffic Bardstown Road corridor, in one of Louisvilleā€™s most recognizable neighborhoods, The Highlands. In addition to ample parking, this iconic building offers the benefit of location and little deferred maintenance. Recent Capex includes:

<> New electric throughout (separately metered)
<> New windows
<> New HVAC
<> New plumbing
<> New appliances
<> New roof (2016)

Included in the property are 3 high-demand, well appointed Airbnb units with "SuperHost ratings" which would also function well as apartments, approximately 10 parking spaces in the rear of the building, first floor commercial space currently built-out as a salon/spa, and second floor commercial space which is currently functioning as an event space with balcony views of Bardstown Rd. Further upside exists in the potential to add additional apartment units and in the lease up of the commercial space.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 077K00230000
Zoning: OR-1 - Office/Residential District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,533 120,660 314,789
Median Age: 38.2 38.97 37.75
Households: 9,403 56,728 139,153
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