Footprint of Bldg (4 Floors + Basement of approx 7,150 sq ft each)
IMG_2259
Freight Elevator
IMG_2255
Windows Shown from Interior (covered on the Exterior)
IMG_3162
Front Door Entrance
IMG_2260
Steel Structural Supports on Fourth Fl
IMG_2248
Concrete Supports
IMG_3173
Former Corbie's restaurant space
IMG_2258
Legacy Passenger Elevator
IMG_2254
Floor of Carpet Room
IMG_2250
Windows Shown from Interior (covered on the Exterior)
IMG_2240
Freight Elevator
IMG_2233
Basement Concrete Supports
IMG_2231
Basement Level
IMG_2227
Rear Exterior at Alley
IMG_3167
Sales Floor
IMG_3161
Sales Floor
IMG_3154
Sales Floor
IMG_3170
Sales Floor From Above
IMG_2235
Parson's Department Store box
IMG_2232
Concrete Posts, Beams, and in between
IMG_2234
Wood Floor Section at both front corner which allow for installation of stairs, elevator, etc
Catylist Listing ID:
30831215
Property Subtypes:
Convenience Store, Day Care Facility, Garden Center, Mixed Use, Post Office, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF):
28,600 SF
Gross Building Area:
35,750 SF
Gross Land Area:
7,150 SF
Sale Price:
$999,999
Unit Price:
$34.97 PSF
In Opportunity Zone?
Yes
Property Use Type:
Vacant/Owner-User
Building Name:
Parson's / CORBIE'S
Usable Size (USF):
35,750 SF
Sale Terms:
Cash to Seller
Cap Rate:
Undisclosed
Last Updated:
5/10/2023
Overview / Comments
Recently known as CORBIE's because of the building's owner's popular restaurant, the building has historically been known as the Parson's Building as the former Parson's Department Store was located there. The building is comprised of 4 Floors and a full basement of approx 7,150 sq ft per floor plate. Very strong construction of concrete and steel. Suitable for mixed-use, office, hotel, retail, and multi-family. The Building is located on Winchester Ave which is the main downtown corridor (and will soon see a major roadway investment by the KY Transportation Cabinet to create a series of traffic circles and improved streetscape). Very nearby the newly renovated 12 story Marriott Delta Hotel is experiencing high occupancy, a new Conference Convention Center is planned, and the Paramount Theater hosts major concerts and arts events.
General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between:
17th St and Broadway Square
Property Visibility:
Excellent
Largest Nearby Street:
Winchester Avenue
Feet of Frontage:
50
Traffic/Vehicle Count:
19,686
Highway Access:
Interstate I-64
Airports:
Huntington, WV
Site Description:
50' x 143'
Area Description:
Located in the core of downtown Ashland KY where much new investment has been taking place and is planned. Ashland is: the last stop for AMTRACK, on the Ohio River, and is on the Country Music Highway. Billy Ray Cyrus, the Judds, and other famous performers are from Ashland. Also rooted nearby nearby, the Clooney's and former Miss America Heather French Henry. There is even a 90's MTV music star living and working in Ashland today.
Tenancy:
Multiple Tenants
Total Number of Buildings:
1
Number of Stories:
4
Typical SF / Floor:
7,150 SF
Property Condition:
Good
Year Built:
1917
Roof Type:
Other
Construction/Siding:
Brick
Exterior Description:
Brick
Parking Description:
On the street and Parking Garage owned by the City of Ashland at the rear.
Passenger Elevators:
1
Freight Elevators:
1
Sprinklers:
None
Heat Type:
Natural Gas
Heat Source:
Central
Air Conditioning:
Other
Interior Description:
High Ceilings with Concrete and Steel construction
Use catalogs to collect relevant listings or transactions for later analysis, or to share with a client or colleague.
Catalogs make it easy to keep track of favorite properties – you'll receive automatic notifications whenever
changes are made to the listings in your catalog (price reductions, status changes, etc.)
