Catylist ID:
#30872533
C2 Redevelopment in Shelby Park
Retail-Commercial
for Sale
Also listed as Multi-Family, Hospitality
| Catylist Listing ID: | 30872533 |
| Property Subtypes: | Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other |
| Building Size (RSF): | 3,140 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 3,375 SF |
| Sale Price: | $190,000 |
| Unit Price: | $60.51 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment, Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 7/23/2024 |
Overview / Comments
|
We are pleased to present an exceptional commercial real estate development opportunity in the heart of Louisville's vibrant Shelby Park neighborhood. This corner commercial unit boasts a recent C2 zoning change and is strategically located just three blocks from Shelby Street, surrounded by a thriving residential community. The property's prime location offers an unparalleled opportunity for investors and developers to bring their vision to life. With variances already secured for the demolition and reconstruction of an accessory rear unit and the addition of a front exterior awning, this property presents a unique canvas for renovation and redevelopment. Priced competitively, this property is poised for transformation into diverse potential uses, including residential units, short-term rentals, a restaurant, an event space, or a combination of these possibilities. Its adaptable layout and zoning designation provides a rare chance to capitalize on the burgeoning demand for mixed-use spaces in this sought-after neighborhood. Whether seeking to revitalize the existing structure or reimagine its potential entirely, investors will find ample room for creativity and profit in this promising opportunity. |
Attachments & Media
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 023D01280000 |
| Zoning: | C-2 - Commercial District |
| Retail Clientele: | General, Business, Traveler, Tourist |
| Property Visibility: | Good |
| Largest Nearby Street: | Shelby St |
| Feet of Frontage: | 25 |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 2 |
| Number of Stories: | 25 |
| Typical SF / Floor: | 1,200 SF |
| Property Condition: | Poor |
| Year Built: | 1906 |
| Parking Description: | Street parking - no parking restrictions for any use. |
| Sprinklers: | None |
| Lot Frontage: | 25 |
| Lot Depth: | 135 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 27,571 | 141,932 | 321,757 |
| Median Age: | 35.06 | 35.48 | 36.82 |
| Households: | 13,245 | 63,146 | 138,789 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions. |
