Renovated LIVE/WORK Old Louisville

Retail-Commercial for Sale
Catylist Listing ID: 30442364
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Post Office, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 3,910 SF
Sale Price: $329,000
Unit Price: $84.14 PSF
Ceiling: 9 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: 118 W Oak Building
Usable Size (USF): 3,910 SF
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback, Other
Cap Rate: 10.0%
Average Occupancy Rate: 100
Last Updated: 7/2/2019

Overview / Comments

One mile from Logan Street Market! In between Spalding and UofL and 4th st Live. Elegant Live/Work opportunity. Beautifully renovated with no detail left untouched! When you enter the commercial first floor of this property, you will be greeted by a beautiful stained glass archway in the original glassed-in solarium. Step into roughly 1,600 SF of open space that boasts such upgrades as recessed lighting, two ADA approved half-bathrooms, beautiful Brazilian Cherry hardwood floors, two original fireplaces, an abundance of natural sunlight (the new windows are recreated to duplicate the originals!), in ceiling speaker wires for surround sound, 3 fans with lights and dimmers, open French windows in solarium with slate floors. Zoned TNZD. Heading up the stairway to the residential space you will notice an original stained glass window in the hallway and exposed brick. On the second floor you'll find a sleek European gourmet kitchen, featuring stainless steel appliances, embellished granite countertops, and cherry cabinetry. The natural sunlight is accentuated with pendant lighting over the bar area and recessed lighting throughout. There's a formal dining and living area with two more fireplaces with electric outlets for heat efficient electric logs, if desired. Just off the living room is a beautiful half bath and the bar area, complete with storage/cooling for all your favorite wine choices. Secret book case closet and banister key holder and wired for surround sound. The Master Suite is located right off the living room and features a built-in book case, exposed brick wall and four windows for plenty of natural light. The master walk-in dressing closet and exquisite master bath complete the scene with features including slate tile, Jacuzzi tub for two, and walk in slate shower. On the third floor you will find another full bathroom and two large rooms, both with walk-in closets, and a generous nook for a possible office. Original arched window facing street. The owner has gone two steps farther with two 95% efficient HVAC systems, double insulation, new windows and doors and new plumbing and wired electrical throughout to ensure low utility bills for years to come!

The first floor space is perfect for a single family who loves a great room for entertaining. Could be exquisite for an art gallery and maybe a tasting room. Also a wonderful office for attorneys, chiropractors, therapists, accountants, pilates and yoga instructors, and anyone wanting the joy of a small business with never needing to leave the house.

Located in the heart of Old Louisville just minutes from I-65 and Downtown while close to U of L, Manual High School, JCC, and Spalding University.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 032B00600000
Zoning: TNZD - Traditional Neighborhood Zoning District
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: First & Second Street on oak
Property Visibility: Excellent
Largest Nearby Street: 1st
Highway Access: 4 blocks to 265 south
Airports: Louisville International Airport
Site Description: Located between 1st & 2nd Street with alley access.
Area Description: Old Louisville is a historic district and neighborhood in central Louisville, Kentucky, USA. It is the third largest such district in the United States, and the largest preservation district featuring almost entirely Victorian architecture.[2][3] It is also unique in that a majority of its structures are made of brick, and the neighborhood contains the highest concentration of residential homes with stained glass windows in the U.S.[3] Many of the buildings are in the Victorian-era styles of Romanesque, Queen Anne, Italianate, among others; and a large number of blocks have had few or no buildings razed. There are also several 20th-century buildings from 15 to 20 stories. Old Louisville consists of about 48 city blocks and is located north of the University of Louisville's main campus and south of Broadway and Downtown Louisville, in the central portion of the modern city.[4][5] The neighborhood hosts the renowned St. James Court Art Show on the first weekend in October. Despite its name, Old Louisville was actually built as a suburb of Louisville starting in the 1870s, nearly a century after Louisville was founded. It was initially called the Southern Extension, and the name Old Louisville did not come until the 1960s. Old Louisville was initially home to some of Louisville's wealthiest residents, but saw a decline in the early and mid-20th century. Following revitalization efforts and gentrification, Old Louisville is currently home to a diverse population with a high concentration of students and young professionals.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,910 SF
Property Condition: Good
Year Built: 1900
Year Renovated: 2011
Roof Type: Arched
Construction/Siding: Brick
Exterior Description: Beautiful Victorian brick building.
Total Parking Spaces: 3
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: 3 Reserved spaces on parking pad in the rear of property.
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable
Interior Description: Beautifully renovated
Zoning Description: TNZD
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,424 145,594 320,216
Median Age: 34.16 35.39 36.75
Households: 12,787 63,462 137,544

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