Downtown Louisville Redevelopment Site | Opportunity Zone

Hospitality for Sale
Also listed as Multi-Family, Office
Catylist Listing ID: 30503758
Property Subtypes: Hotel
Number of Units: 50 Units
Building Size (RSF): 41,000 SF
Gross Land Area: 0.29 Acres
Sale Price: $4,400,000
Unit Price: $88,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: 231 E Main
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/12/2020

Overview / Comments

We are pleased to present 231 East Main Street (“231”),
a located in the Downtown Louisville Opportunity Zone . Formerly
known as the Louisville Grocery Company Building, the structure
is ideally located near several tourist attractions including
Louisville Waterfront Park, multiple new Bourbon Distilleries,
Louisville Slugger Field and KFC YUM! Center. Further Proximity to
Corporate Headquarters including Humana, LG&E and Atria
make 231 E Main a wonderful redevelopment target.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson County
Tax ID/APN: 018B00060000
Zoning: C-3 - Commercial District
Retail Clientele: General, Business, Tourist, Recreation, Convention, Casino
Property Located Between: Floyd and Brook Streets
Property Visibility: Excellent
Largest Nearby Street: Main
Feet of Frontage: 60
Highway Access: I-64, I-65 and I-71
Area Description: Louisville, KY Central Business District (CDB)
Nearby Attractions: KFC YUM! Center, Louisville Slugger Field, Lou City FC Stadium, Angel's Envy Distillery, Old Forester Distillery, Rabbit Hole Distillery, Kentucky Center for the Arts, Kentucky International Convention Center, Waterfront Park, Muhammad Ali Center, Frazier Museum, and Louisville Slugger Museum.
Total Number of Buildings: 1
Number of Stories: 5
Property Condition: Fair
Year Built: 1915
Roof Type: Hip
Construction/Siding: Brick
Exterior Description: Brick
Total Parking Spaces: 18
Parking Type: Surface
Parking Description: The building includes 18 parking spaces directly off E Washington Street. The Washington Street garage is directly behind the building offering 1,000(+) parking spaces.
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Wall Units
Interior Description: The interior is in its original/shell condition except Floor 2 which has a small office area.
Zoning Description: C-3
Lot Frontage: 60
Lot Depth: 204
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,730 133,679 307,739
Median Age: 36.79 35.79 37.15
Households: 4,433 59,773 133,466

Contact

Photograph of Listing Agent

Aaron J Willis

Column Realty KCREA Member
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