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

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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


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