Medical Building across from Hospital

Office for Sale
Catylist Listing ID: 30648488
Property Subtypes: Institutional, Medical, Mixed Use, Office Building, Research & Development, Other
Building Size (RSF): 21,286 SF
Gross Land Area: 1.44 Acres
Sale Price: $3,000,000
Unit Price: $140.94 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 1/18/2021

Overview / Comments

This very distinctive building with covered drive-thru for patient drop-off, located directly across from the Sts. Mary & Elizabeth Hospital, is now available for sale OR lease. With UL purchasing the hospital (directly across the street), the possibilities are endless for this building and its new owner. One new addition to the hospital, due to UL having bought it, is The Women’s Health and Pelvic Floor Therapy program, so any doctors specializing in the urinary field who might want to own their own building, or simply lease, should be considering this building as their new home.

The property is owned by two doctors, who presently occupy, and will continue to lease their floors, (one doctor occupies the entire 3rd floor, and the other occupies the entire 4th floor), or, if preferred, they could vacate those two floors, if that would suit the needs of a new owner. There is PLENTY of parking, with 90 spaces in all, and the property sits on over 1.4 acres.

At present, the entire second floor, (4,714 square feet) is available for lease at $17 psf, and could be occupied by the new owner. The space is presently laid out for medical use, with 17 exam rooms, and multiple waiting and reception areas. However, the space could be easily re-configured to meet the new tenant's needs, whether medical or not. Availability of office space in this area is limited, and this is available immediately.

There is an additional 3,027 sf available in the Lower Level as well, priced at $16 @ sf., which includes a previous lab and "lead room" for an x-ray machine.

There are 3 immediately available spaces in the Lower Level of this distinctive building in South Central Louisville. One is 758 sf that was previously used as a lab, and could easily be used as such again. Or, it could be used for any office use.

There is a an additional 1,016 sf adjacent to this space, that contains a Lead Room (for x-rays), and these could be combined for a total of 1,774 square feet, all at $16 @ sf.

Additionally, there is a third adjacent space, of 1,565 sf, that is also available at $16 @ sf. That space is set up as a typical medical office with several exam rooms. All three of these could easily be combined to create a total space of 3,339 sf, and would compromise the entire Lower Level.

The covered, drive-through entrance provides safe and convenient drop-off and pick-up of patients/guests, and the elevator makes getting to the office space effortless.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 067H00030000
Zoning: C-N - Neighborhood Commercial District
Property Located Between: Manslick Road and Churchman Avenue
Property Visibility: Excellent
Highway Access: I-264 to I-65 or I-64
Airports: SDF - Louisville International
Site Description: Great location directly across the street from Mary & Elizabeth Hospital.
Total Number of Buildings: 1
Number of Stories: 5
Year Built: 1998
Roof Type: Flat
Construction/Siding: Brick, Metal/Glass, Other
Exterior Description: Brick and glass structure, very unique architecture, sitting on over 1.4 acres, triangular lot with more than ample parking, directly across from the Mary & Elizabeth Hospital.
Parking Type: Surface
Parking Description: Paved parking around building.
Passenger Elevators: 1
Sprinklers: Wet, Other
Air Conditioning: Engineered System
Interior Description: The building is presently set up for medical offices. The first floor is taken up with atrium, a common area restroom, and elevator. The second, third and fourth floors are medical offices, broken in to a selection of waiting, reception and exam rooms. The lower level contains a lab and a lead room for x-ray machines to operate.
Zoning Description: C-N Commercial Neighborhood District
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: 067H00030000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,756 117,429 259,603
Median Age: 35.41 36.1 36.71
Households: 6,421 47,668 109,492
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