Shelby Park Mixed-Use

Retail-Commercial for Sale
Also listed as Multi-Family, Office
Catylist Listing ID: 30860120
Property Subtypes: Mixed Use, Other
Building Size (RSF): 3,432 SF
Gross Building Area: See Agent
Gross Land Area: 0.17 Acres
Sale Price: $875,000
Unit Price: $254.95 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/4/2024

Overview / Comments

Introducing an extraordinary remodel in the vibrant Shelby Park neighborhood, situated directly across from Logan Street Market. This remarkable property has undergone a comprehensive transformation, leaving no detail untouched. Every aspect of the building, from the exterior to the interior, has been thoughtfully renovated, resulting in a truly exceptional space.

Located within an area undergoing multiple significant development, and it's conveniently within walking distance to an array of new restaurants, breweries, and shops. It offers a unique opportunity for versatile use, accommodating both Offices or Retail on the ground floor, while providing the option to rent the fully furnished upstairs units as Airbnb's or apartments.

Pro-forma NOI = $57,750
(2) Fully furnished apartments: $3,000/mth (est.)
1st floor retail/office: $22/sf (est.)

Property Highlights:
+ All units separately metered
+ 10 on-site parking spots
+ Walking distance to multiple restaurants, breweries and shops
+ Oversized windows that flood the spaces with natural light
+ Contemporary furnishing and high-end finishes throughout

**1ST FLOOR: Office / Retail / Residential
Approximately 1,716 square feet of flexible space, suitable for various uses.
Features interior garage door and an abundance of natural light.

**APT. 1: (1BR/1BA)
Spacious open-concept kitchen and living area. Modern furnishing and finishes.

**APT. 2: (1BR/1BA)
An open and inviting kitchen and living area for a cozy ambiance. A large double vanity bathroom and fully furnished.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 025A00430000
Zoning: OR-2 - Office/Residential District
Property Located Between: Logan and Shelby St.
Property Visibility: Excellent
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Renovated: 2023
Total Parking Spaces: 10
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,837 144,047 326,214
Median Age: 35.58 35.95 36.98
Households: 12,415 64,464 141,171

Contact

© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions.