Downtown Jeffersonville by Warder Park

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30679923
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 13,801 SF
Gross Building Area: See Agent
Sale Price: $725,000
Unit Price: $52.53 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/17/2023

Overview / Comments

Downtown Jeffersonville- Now you can own a part of history and one of the most noted properties in Downtown. Circa 1910, built as the US Post Office, later becoming the Indiana Southeast University location until the early 1970's. Has since been a variety of office users. The property is positioned upon a high point overlooking Warder Park, which in itself is a great park setting and is well maintained by the City of Jeffersonville. You have to see the wall recognizing history, culture and art. The City of Jeffersonville continues to work on their overall plan for making Downtown even more attractive to residents, future residents and visitors. The Art District is proving to be an "attention getter" along with all of the local eateries, small boutique retailers, new hotel, new luxury apartments, new condominiums and more to come. The Big Four Walking Bridge (BFWB) connects to the Kentucky banks of the Ohio River and makes for a great walk, great view and also brings in reportedly up to a million people crossing during the season. There is a park at the foot of the BFWB and along with the Farmers Market there are many events and activities organized by the City and the local National Main Street Program. All of this and you can walk to the river and enjoy the wharf where the boats dock and the Overlook and Entertainment area on the river. It's worth taking a look at and I encourage you to do so and then call me for a tour ofvthe property which requires a 48 hour notice to coordinate with owners tenants.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-19-00-101-450.000-010
Property Located Between: Spring Street and Court Ave
Property Visibility: Excellent
Highway Access: Immediate access to all interstate travel for I-65, I-64, I-265. There are several bridges in the immediate area connecting to Downtown Louisville for quick business connecting activities and events (though fewer with the COVID restrictions for now).
Airports: Louisville International, Clark County Regional
Site Description: Bldg is on a high perch overlooking Warder Park, 3 floors of offices with varying sizes, conference room, fantastic lobby entrance from the park side, working elevator with vf floor access control. Added exterior staircase for exiting bldg in the event of emergency. Built like a fortress of limestone and a stately like property in general, it could serve as a high end law office, perhaps a luxury condominium development or headquarters for a corporation. Walkability is great. Growing area supported by an aggressive local government seeking growth and more living, working and playing action.
Area Description: Historic Downtown with rich river history. Main Street Organization promotes and plans Downtown activities. Well maintained city streets and area in general. Restaurants, retailers, hotel, condos, river for recreational activities, bordered by lots of local housing that also has history and architecture.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 4,455 SF
Year Built: 1910
Roof Type: Gable
Exterior Description: Limestone large block
Parking Type: Structure
Parking Description: Private parking included at the rear of the bldg and surrounded by free street parking.
Passenger Elevators: 1
Interior Description: High ceilings are present as with most historic bldgs but also has drop ceilings with standard office panels. Multiple offices various sizes.
Zoning Description: Downtown Commercial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: BLK 66

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,841 107,604 295,360
Median Age: 39.93 36.55 37.5
Households: 3,117 48,631 128,290


Photograph of Listing Agent

Michael A Kopp

© Copyright 2001-2023 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.