Incredible Investment Opportunity on Lower Brownsboro

Office for Sale
Sale Pending
Catylist Listing ID: 30822874
Property Subtypes: Executive Suites, Coworking, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Office Building, Research & Development, Other
Status: Pending
Building Size (RSF): 1,979 SF
Sale Price: $325,000
Unit Price: $164.22 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: The Twins
Usable Size (USF): 1,979 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/25/2022

Overview / Comments

These two unusual brick shotguns are being sold together along with a large vacant lot on up and coming Lower Brownsboro Road which is anchored by the Mellwood Tavern, the oldest continuing operating tavern in Louisville that dates back to 1885. The property directly to the left was renovated in 2018 with high end finishes. These properties were 4 separately deeded props, combined into 3 props, now currently combined into one address, 1829 Brownsboro Road. The property has been designated as a Individual Historic Landmark. Potential state and federal tax credits should apply for renovation of these important working class properties. https://www.nps.gov/tps/tax-incentives.htm https://heritage.ky.gov/historic-buildings/rehab-tax-credits/Pages/overview.aspx. Being sold "as is"

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 088A00270000
Zoning: C-1 - Commercial District
Property Located Between: Lower Brownsboro Road between Pope and William
Property Visibility: Excellent
Highway Access: Yes
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 1,005,974 SF
Year Built: 1905
Roof Type: Other
Construction/Siding: Brick
Parking Description: Driveway and street parking. Large rear yard could be developed as neighbor has.
Heat Type: Natural Gas, Steam
Heat Source: Central, Radiant
Air Conditioning: Window Unit, Other
Zoning Description: C1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,912 114,441 300,089
Median Age: 37.1 37.64 37.92
Households: 5,759 52,878 132,976

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