Catylist ID:
#30860375
Duplex & Warehouse plus Vacant Lots
Multi-Family
for Sale
| Catylist Listing ID: | 30860375 |
| Property Subtypes: | Duplex/Fourplex, Low-Rise/Garden, Mid-Rise, Mixed Use, Senior Living, Other |
| Number of Units: | 3 Units |
| Building Size (RSF): | 14,734 SF |
| Gross Land Area: | 0.50 Acres |
| Sale Price: | $1,550,000 |
| Unit Price: | $516,666.67 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment, Vacant/Owner-User, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 11/27/2023 |
Overview / Comments
|
This property offers an exciting redevelopment opportunity on the edge of NULU in the Phoenix Hill Neighborhood. The property consists of 6 total lots, with a renovated and furnished duplex 832 SF/unit and a 13,070 SF historic warehouse that is prime for a multi-family/mixed-use redevelopment project. In addition to the buildings, the asking price includes .31 acres of vacant land zoned OR-2. The duplex features a solid tenant base of medical professionals seeking close proximity to downtown Louisville's medical hub. Currently, the warehouse is being utilized as a USDA-approved facility and storage for 2 companies that will vacate upon closing. With the OR-2 zoning, the warehouse could be converted to multifamily, office, and/or event space. Please contact an agent for more information: Dylan Gilezan - 502.648.7874 Cal Lewellyn - 502.905.2253 Sam Higdon - 502.235.0629 |
Attachments & Media
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 016E01590000 |
| Zoning: | OR-2 - Office/Residential District |
| Property Located Between: | E Chesnut & S Campbell St |
| Highway Access: | I-64 & I-65 |
| Airports: | Louisville International Airport - 7.1 miles |
| Site Description: | - 13,070 sqft warehouse with 3 vacant side lots. - With OR-2 Zoining the property can be utilized for short term rentals or up to 20 residential units given current area size. - The Warehouse has 3 garage doors - The steel and concrete block constructed warehouse was built to last. It includes a commercial kitchen, PVC & TPO roofs, as well as a designated office area. - Duplex brings in $3k a month, two 1BR apartments that rent for $1500 to travel nurses & other traveling professionals. Duplex purchase includes all furnishings. |
| Area Description: | Well positioned just outside the growing Nulu Corridor in the Phoenix Hill Neighborhood. Very close proximity to the downtown medical district. |
| Total Number of Buildings: | 2 |
| Property Condition: | Excellent |
| Number of Stories: | 2 |
| Year Built: | 1890 |
| Year Renovated: | 2019 |
| Roof Type: | Flat |
| Construction/Siding: | Concrete, Vinyl Siding |
| Exterior Description: | Warehouse: steel and concrete block constructed with PVC & TPO roof Duplex: vinyl siding, shingle roof |
| Parking Type: | Surface |
| Parking Description: | 2 parking spots behind the units and street parking. |
| Total Parking Spaces: | 2 |
| Laundry: | In Each Unit |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Fuel: | Electric |
| Zoning Description: | OR-2 |
| Lot Frontage: | 133 |
| Lot Depth: | 162 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 15,351 | 130,901 | 315,268 |
| Median Age: | 33.9 | 36.46 | 37.6 |
| Households: | 7,160 | 59,353 | 137,691 |
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