Gallery Square Lofts | 5 High-end Condos in NULU for Airbnb

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30859487
Status: Pending/Contingent
Number of Units: 5 Units
Building Size (RSF): 7,236 SF
Gross Building Area: See Agent
Sale Price: $1,720,000
Unit Price: $344,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Gallery Square Lofts
Sale Terms: Cash to Seller
Vacation Rental Income: Yes
Last Updated: 4/25/2024

Overview / Comments

Exclusive Investment Opportunity at Gallery Square, NULU District, Louisville, KY

Welcome to Gallery Square – a standout development in the heart of Louisville's dynamic NULU District. Presenting a rare investment opportunity: five commercially zoned condo units in a thriving 20-unit complex.

Strategic Location for Maximum Appreciation
- Adjacent to Rabbit Hole Distillery: Immerse in the cultural richness right next door.
- Opposite NULU Yards: Be part of the excitement with a $110 million development across the street, featuring a Hilton hotel, upscale apartments, and more.

Investment Highlights
- Five Modern Units: Each unit is a testament to contemporary design and functionality, offering a flexible canvas for a variety of residential uses.
- Strong Rental Potential: With the legal provision for short-term rentals, these units are not just a residence but a lucrative business opportunity. The master deed allows for easy STR (Airbnb) use without issue.
- Gated Off-Street Parking: Each unit has the coveted amenity of secure, gated, off-street parking – a true luxury in this bustling district.

Unrivaled Lifestyle and Accessibility
- Walk to Everything: Step out to Louisville's finest restaurants, cultural attractions, and vibrant nightlife.
- In the Heart of NULU: Experience the best of Louisville in a neighborhood known for its growth, energy, and entrepreneurial spirit.

Your Investment in Louisville's Future
- Affordable and Growing Market: Capitalize on Louisville’s burgeoning real estate scene, marked by steady growth and increasing demand. With few residential ownership options in this area, this development is primed for increasing property values.

Don't miss this chance to be part of NULU's transformation and reap the benefits of a wise investment in one of Louisville's most desirable locations.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 017DSROW0000
Zoning: C-2 - Commercial District
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 2007
Roof Type: Flat
Parking Type: Surface
Parking Description: Each unit comes with a designated parking space
Total Parking Spaces: 5
Passenger Elevators: 1
Laundry: In Each Unit
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Other
Internet Access: Fiber Optic
Zoning Description: C2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,955 135,252 313,582
Median Age: 36.3 36.01 37.41
Households: 6,256 60,830 136,478

Contact

Photograph of Listing Agent

Jonathan D Klunk

EXP Realty LLC KCREA Member
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