Catylist ID:
#30872243
Logan St. Property for Sale || Mixed-Use/Flex-Space Opportunity
Industrial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30872243 |
| Property Subtypes: | Flex Space, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other |
| Status: | Pending/Contingent |
| 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: | 7/16/2024 |
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 |
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 |
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