HISTORIC DOWNTOWN LOUISVILLE BUILDING

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30343452
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending/Contingent
Building Size (RSF): 16,450 SF
Gross Building Area: See Agent
Sale Price: $1,950,000
Unit Price: $118.54 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/9/2018

Overview / Comments

Rare opportunity to own and redevelop a building constructed in 1880 on the 500 block of W Main St. This offering could be the last opportunity here for a very long time.

Instant access to Humana Buildings, Evan Williams Bourbon Experience, KY Center for the Arts, Muhammad Ali Center, the Belvedere and many other Louisville icons as this location is 'Downtown Louisville'. AND... More than 5,000 parking spaces within less than a block!

- Existing restaurant bar tenant currently in place in a phenomenal space for any restaurant or bar. (See agent for tenant details, but no long term lease here)
- Existing elevator is serviceable, with a $100,000 quote to service and convert to doors on each side.
- Massive historic bar on second floor
- Floors 2-5 are somewhat gutted and ready for renovations.
- Basement would likely be useful for next main floor tenant.

Call today to set up a tour or submit an offer!

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 014E01240000
Zoning: C-3 - Commercial District
Total Number of Buildings: 1
Number of Stories: 5
Typical SF / Floor: 2,950 SF
Property Condition: Fair
Year Built: 1880

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,531 136,895 302,247
Median Age: 32.99 35.44 37
Households: 4,807 59,651 130,735

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