Catylist Listing ID: 30847131
Property Subtypes: Free-Standing, Mixed Use, Light Industrial
Building Size (RSF): 1,000 SF
Gross Building Area: 59,492 SF
Gross Land Area: 2.34 Acres
Sale Price: $850,000
Unit Price: $850 PSF
Docks/Doors: 9 Doors
Office SF: 1,484 SF
Drive In Bays: 9 Bays
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 6/10/2024

Overview / Comments

The fenced site consist of four (4) buildings with a total of about 59,492 SF and Five (5) vacant lots. The total amount of the site is about 2.34 acres. The age of the buildings range from 1875 to 1920.

ADDRESSES AND ZONING: 2612 W. Chestnut is Zoned M-2. 2624 W Chestnut,
2625, 2610, 2612, 2614, 2617, 2618 Magazine are Zoned R-6.

The building at 2620 W. Chestnut has a non-operable freight elevator. Two 10' x 15' overhead doors and 20' ceiling.

The roof on 2624 W. Chestnut was replaced in 2008 and the HVAC system was replaced in 2005. It has Six (6) overhead doors- Three (3) 10' X 10', One (1) 9' x10' and Two (2) 8' X 8' doors and 11' to 12' ceilings. This building has one full and one half bath.

The roof on 2625 Magazine was replaced in 2017 and it has Two (2) 14' X 12' overhead doors and 12' to 16' ceilings.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 001BSROW0000
Zoning: M-2 - Industrial District
Property Located Between: 25th & 27 th Street of West Chestnut and 25th and 27th Magazine Street.
Highway Access: Property located about Three (3) miles South of I-64.
Airports: Louisville International Airport
Area Description: The area is improving with new moderately priced apartments being built within a two block area.
Tenancy: Single Tenant
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Good
Year Built: 1875
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Surface
Parking Description: Surface parking on the side of the buildings.
Total Parking Spaces: 20
Freight Elevators: 1
Overhead Cranes: Undisclosed
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Internet Access: Other
Interior Description: 2612 W. Chestnut Street is the office building with a reception area, three offices, restroom and HVAC system. Parking is at the side of the building.
Zoning Description: M-2/R-6
Lot Frontage: 225
Lot Depth: 418
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,875 117,410 259,770
Median Age: 33.24 34.95 36.43
Households: 8,474 48,693 110,680


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