Logan St. Property for Sale || Mixed-Use/Flex-Space Opportunity

Industrial for Sale
Catylist Listing ID: 30872243
Property Subtypes: Flex Space, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.39 - 0.40 Acres
Sale Price: $795,000
Unit Price: $66.25 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 1217 Logan St.
Sale Terms: Cash to Seller
Last Updated: 5/10/2024

Overview / Comments

Mixed-use/flex-space property in Shelby Park Neighborhood. 0.4+/- acres with a 12,000+/-sqft building comprised of office and warehouse spaces. The large footprint and unique spaces allow for great flexibility in future layout and usage. Well-suited for an owner-occupant, multi-users/tenant format, or reimagined for adaptive reuse project, with distinctive industrial and architectural features throughout. Prime location on Logan Street, adjacent to Germantown, with excellent visibility for pedestrian and vehicular traffic on Logan St. and Oak St. This one-of-a-kind property offers incredible opportunity and potential.

Notable Features Include:
- M-2 zoning
- Located in an Opportunity Zone
- 0.4+/- acre lot
- 12,000+/- sqft building
- 3,000+/- sqft finished office space
- 8,000+/- sqft warehouse/storage/shop space
- Additional 1,400+/- sqft covered storage area within gated lot (not included in sqft)
- Gated parking lot with 14+ spaces
- Firestone TPO roofing was installed in 2018
- 3-phase electrical service centrally located in property
- Spray foam insulation in rear warehouses (2020)
- (2) Commercial rooftop package units. (1) 3-phase heat pump, and (1) single-phase gas (2018)
- (3) Tempered Glass double pane garage doors (2020) in rear warehouse allows access from either gated lot or alley
- Double glass door commercial entrance to rear warehouse (2020)
- 2 Separate commercial glass entrances on Logan St. with accessibility ramps (2020)
- Gas lines updated and submeters added (2023)
- Finished 2nd-floor office area in rear warehouse completed in 2020. Includes an office, breakroom/office, common area with utility sink, full bathroom with shower, and W/D hookups. New electric, plumbing, HVAC (ridged insulated ductwork), electric water heater, spray foam insulation, 5/8" drywall, double pane clerestory windows, while preserving original exposed brickwork, beams, and antique fire door
- Access to shared interior courtyard

Property is currently owner-occupied and includes several units subdivided for month-to-month tenants. Property could be well suited for owner-occupant or investor. With close proximity to Downtown, The Highlands, Germantown, Paristownpoint, Old Lou, Nulu, Butchertown and major transportation arteries, the property is perfectly positioned to capitalize on the areas continued growth and development.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Submarket/Township: 02 - Butchertown / Highlands / Germantown
Tax ID/APN: 025D01140000 and 025D00690070
Zoning: M-2 - Industrial District
Highway Access: Interstate 65 - 1 mile Interstate 64 - 3 miles Interstate 71 - 3 miles
Airports: Louisville International Airport - 5 miles
Site Description: Excellent Visibility from Logan St. & Oak St.
Area Description: The surrounding area is home to many new breweries, bars, restaurants, and shops with multiple new development/re-development projects in the works.
Tenancy: Multiple Tenants
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Fenced Gated Lot has parking for 14+ cars Additional street parking on Logan St
Overhead Cranes: Undisclosed
Sprinklers: None
X-Phase: Three-Phase
Heat Type: Electricity, Natural Gas
Heat Source: Central, Ceiling Units, Other
Air Conditioning: Package Unit, Other
Lighting: LED, Other
Zoning Description: M-2 Zoning Located in an Opportunity Zone
Lot Frontage: 139'
Lot Depth: 150'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,710 144,405 326,061
Median Age: 35.18 35.92 36.95
Households: 10,196 64,560 141,034

Contact

Photograph of Listing Agent

Scott J Boehnlein

Family Realty LLC KCREA Member
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