Jabode Properties, LLC

Industrial for Sale
Catylist Listing ID: 30449694
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Research & Development, Warehouse/Distribution, Other
Building Size (RSF): 41,116 SF
Gross Building Area: See Agent
Gross Land Area: 1.37 Acres
Sale Price: $825,000
Unit Price: $20.07 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/14/2019

Overview / Comments

Great opportunity just on the market! This property consists of 5 different parcels sitting on 1.37 acres with a building consisting of 41,116 square feet. MOST IMPORTANTLY, THIS PROPERTY IS IN THE NEWLY NAMED OPPORTUNITY ZONE FOR JEFFERSON COUNTY. It is in the Neighborhood Renaissance/Artisanal Manufacturing Zone which is one of Louisville’s eight Opportunity Zone Groups. It has easy access to Interstate 65.
The original building was built in 1890 and has been modified and expanded many times over the last century. It has been grandfathered from C-2 to M-1 zoning. The building consists of the following:
24,605 sf manufacturing space
4,228 sf shipping/receiving
3,409 sf warehouse/storage
5,800 sf office/showroom
38,042 sf above ground
3,074 sf basement
41,116 sf total space

Ceiling heights range from 12’ to 24’. Gas heat is available. The building has two (2) drive in overhead doors and three (3) dock-height overhead doors. There are four (4) restrooms with two (2) upstairs in the office area and two (2) downstairs in the shop breakroom area. The building has 110/240 3-phase electric service. The entire building has a wet sprinkler system and a fully operating 5’x8’ freight elevator.
The property fronts on East Kentucky Street between Floyd and Preston just two blocks from the St. Catherine entrance to Interstate 65.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 030H00780000
Zoning: C-2 - Commercial District
Freight Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,708 141,994 319,112
Median Age: 36.38 35.5 36.78
Households: 13,699 63,086 137,701

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