Catylist ID:
#30859487
Gallery Square Lofts | 6 High-end Condos in NULU for Airbnb
Multi-Family
for Sale
| Catylist Listing ID: | 30859487 |
| Number of Units: | 20 Units |
| Building Size (RSF): | 11,006 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $2,048,500 |
| Unit Price: | $102,425 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: | 12/5/2023 |
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: six 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 - Six 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. |
Attachments & Media
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: | 6 |
| 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 |
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 |
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