Legal District Office - For Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30663911
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 5,056 SF
Gross Building Area: 20,000 SF
Gross Land Area: 0.85 SF
Sale Price: $650,000
Unit Price: $128.56 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Professional Arts Building
Class of Space: Class B
Usable Size (USF): 5,056 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/4/2021

Overview / Comments

* First Floor office space located at the corner of 8th and Market Streets, within one block of the courthouse.
* Nine (9) private offices
* Two (2) conference rooms
* Two (2) private restrooms
* Kitchen/breakroom
* Reception area
* TAB Filing System stays with the suite with 472 linear feet of legal size filing shelves and 67 linear feet of shelving.
* Ample work areas available for support staff.
* Convenient parking at the door.
* Fourteen (14) numbered parking spaces belong to this unit.
* The subject property is part of a four unit office condominium.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 014D01960000
Zoning: CM - Commercial Manufacturing
Property Located Between: 7th and 8th Street
Property Visibility: Good
Highway Access: Convenient access to I-64.
Site Description: The subject property is part of a four unit office condominium.
Area Description: Located at the corner of 8th and Market Streets, just one block from the Court House.
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 5,000 SF
Year Built: 1971
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 14 parking spaces belong to this unit
Total Parking Spaces: 56
Passenger Elevators: 1
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Interior Description: Well appointed legal office. New floor coverings in the lobby area.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Allen K. and Sandra Gailer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,970 132,990 300,693
Median Age: 32.32 35.51 36.9
Households: 5,644 57,781 129,720


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