Historic Guthrie Coke Building FOR SALE

Multi-Family for Sale
Also listed as Hospitality
Catylist Listing ID: 30874833
Property Subtypes: Mixed Use
Number of Units: See Agent
Building Size (RSF): 39,369 SF
Gross Building Area: See Agent
Gross Land Area: 0.42 - 0.43 Acres
Sale Price: $4,500,000
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Guthrie Coke Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/12/2024

Overview / Comments

CORE Real Estate is pleased to present this beautiful historic property at the prominent corner for Fourth and Chestnut Streets. The Guthrie Coke Building is a four-story mixed-use offering located in the central business district in downtown Louisville. Built in 1879 and substantially redeveloped in 2014, the Guthrie Coke Building offers a unique investment opportunity in the heart of downtown Louisville.

The property includes 16 apartments that are currently a mix of long-term leases and short term rentals, along with 3 commercial units, maximizing income potential and catering to diverse tenant needs. This opportunity provides an investor with immediate cash flow plus the ability for further value add creation.

Residential Unit Mix:
<>12: 1 BR/1 Bath Lofts
<> 2: 2 BR/1 Bath
<> 2: 2 BR/2 Bath

Commercial Units:
<> Restaurant (1st floor): 4,200 square feet
<> Retail Space (1st floor): 1,115 square feet
<> Office Space (1st & 2nd Floor): 10,235 square feet

With established commercial tenants and a robust residential component, the Guthrie Coke Building presents a strong investment opportunity with multiple revenue streams in one of Louisville's most vibrant districts.

Don't miss out on this rare opportunity to own a piece of the city’s rich history while benefiting from a solid mixed-use investment.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 013E00510000
Zoning: C-3 - Commercial District
Community Amenities: Restaurant(s)
Highway Access: I-65, I-264, I-64
Airports: SDF
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 4
Year Built: 1879
Year Renovated: 2014
Parking Type: Surface
Parking Description: The property enjoys a surface parking lot located on the western side of the property which has approximately 31 striped parking spaces.
Total Parking Spaces: 31
Passenger Elevators: 1
Laundry: Shared
Sprinklers: Wet
Legal Description: 0.4215 AC +/-, NW CORNER 4TH ST & CHESTNUT ST

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,443 138,176 299,532
Median Age: 35.72 35.33 37.05
Households: 9,177 60,347 129,612
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