Germantown Bar/ Restaurant, Adaptive Re-Use or Land Opportunity

Retail-Commercial for Sale
Also listed as Multi-Family, Vacant Land
Catylist Listing ID: 30869371
Property Subtypes: Convenience Store, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 9,704 SF
Gross Land Area: 0.84 Acres
Sale Price: $995,000
Unit Price: $102.54 PSF
Property Use Type: Investment, Business
Building Name: The 21st in Germantown and Barrel Room
Usable Size (USF): 9,704 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/11/2024

Overview / Comments

Incredible opportunity to purchase the "oldest bar in Louisville", the 21st Bar in Germantown and Barrel Room is truly a one of a kind opportunity. This two story building has been operating as a bar, restaurant and music venue for many years with several thousand poured into renovations to preserve it's historic nature while creating a fun venue for both locals and tourists. The first floor of the building includes a fully operational bar/ restaurant with courtyard/patio on one side, and a full music event space with another full bar on the other side. Further opportunity awaits on the second floor with a shell space to meet your buildout dreams. Potentially more bar/restaurant space, nightclub or event space or possibly apartment or Airbnb units? Whatever you desire, this space is a beautiful blank canvas full of windows and natural light, ready for a buyer's vision to be made reality.

Even better, this solid structure sits on 0.8443 acres on the corner of S. Shelby Street and E. Burnett Avenue and includes a massive off-street parking lot. A rare find in the heart of Germantown. So if a bar/restaurant isn’t your desired use, another use on this prime corner property is easily achievable!

AND MORE....The Seller is including FF&E, inventory, liquor license (to be transferred by buyer) and goodwill in the business. Call today for more info! Amanda Helfrich, MAI, Homepage Realty, 502.807.7319

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson County, City of Louisville
Tax ID/APN: 026F00300000
Zoning: C-1 - Commercial District
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1887
Year Renovated: 2020
Parking Type: Surface
Parking Description: Off street gravel lot

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,526 148,556 323,823
Median Age: 35.56 35.73 36.96
Households: 11,372 66,070 140,211

Contact

Photograph of Listing Agent

Amanda Helfrich

Homepage Realty KCREA Member
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