Historic Inn at Woodhaven - St. Matthews Bed & Breakfast

Hospitality for Sale
Also listed as Special Purpose, Multi-Family
Catylist Listing ID: 30393614
Property Subtypes: Bed & Breakfast, Inn, Other
Number of Units: 8 Units
Building Size (RSF): 8,292 SF
Gross Building Area: See Agent
Gross Land Area: 0.47 Acres
Sale Price: $1,250,000
Unit Price: $156,250 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Name of Establishment: Inn at Woodhaven
Sale Terms: Cash to Seller
Cap Rate: 9.55%
Last Updated: 1/19/2021

Overview / Comments

The Inn at Woodhaven is a historic bed & breakfast located in St. Matthews for over 25 years. Originally built in 1853, it has been featured in numerous magazines and historical publications. The Inn at Woodhaven has been a successful B&B – distinguished as one of the finest and arguably most profitable in Kentucky. The rich history and calming atmosphere with spacious suites draw many local repeat guests. Business travelers appreciate fast wireless internet and numerous amenities not found in run-of-the-mill hotels.

The grounds offer three separate buildings comprising 8 bedrooms (not including Innkeeper bedroom) and 9 updated bathrooms with whirlpool tubs. Architecture is best described as Gothic Revival with 12 foot tall arched doors on the main level. As a B&B, a liquor license is available (approx $2,000 license fee) which would further increase profitability with vicinity to the Bourbon Trail. Price includes a majority of furnishings, inquire for further details.

Property could be converted into multi-family apartments and/or made strictly Airbnb.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 225700300000
Zoning: R-7 - Residential Multi-Family District
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Good
Total Number of Buildings: 3
Property Condition: Excellent
Year Built: 1853
Year Renovated: 1998
Roof Type: Arched
Average Occupancy Rate: 80
Zoning Description: R-7
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,763 118,073 274,960
Median Age: 38.81 41.17 40.43
Households: 7,302 54,014 122,198


Photograph of Listing Agent

Christopher J Wirth

Block Ventures KCREA Member
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