1124 Logan St in the Shelby Park Market Place

Retail-Commercial for Sale
Catylist Listing ID: 30790517
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad
Building Size (RSF): 4,649 SF
Gross Building Area: 5,561 SF
Gross Land Area: 0.36 Acres
Sale Price: $685,000
Unit Price: $147.34 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2022

Overview / Comments

Located on a signalized corner near the Logan Street Market Place in Shelby Park, this 5,500 sq ft building zoned OR2 and in the Enterprise zone for additional commercial 1 & 2 uses is available. In addition to the main building sq footage is a 900 sq ft basement and a 912 sq ft ancillary building which has many uses. The entire corner has 3 egress/ingress points, 30+ parking spaces and is mainly fenced with gates. Current use has been counseling/therapeutic offices and transitional housing. Please refer to additional uses in the LDC regs for OR2, C-1, C-2 pp 104-107 and pp 117-121 within the Enterprise Overlay. Within the building are 6 bathrooms, kitchen, offices, transitional living units, conference rooms and is sprinklered with an approved City of Louisville Fire Escape/Stairwell. Current License can transfer to buyer at closing.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 025A00380147
Zoning: OR-2 - Office/Residential District
Retail Clientele: Business
Property Located Between: Corner of Logan St & Mary St at Shelby Park & Logan Marketplace
Feet of Frontage: 292
Highway Access: Near Interstate
Site Description: Level corner lot with 3 access points from streets and a signalized corner
Area Description: Located in the same block of Logan St Marketplace in the revitalized Shelby Park
Total Number of Buildings: 2
Number of Stories: 3
Property Condition: Average
Year Built: 1880
Year Renovated: 2021
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Brick primary building with newer roof & firescape at 3 floors. Ancillary is block & wood
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: Mainly fenced lot with secure parking.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: OR2 within Enterprise Zone for additional C1 and C2 use
Lot Frontage: 97.4
Lot Depth: 190
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,837 144,047 327,170
Median Age: 35.58 35.95 36.97
Households: 12,415 64,464 141,534


Photograph of Listing Agent

Kevin J Riggle

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