Development/Investment Property in Dupont Medical area

Office for Sale
Catylist Listing ID: 30846993
Property Subtypes: Coworking, Medical, Office Building
Building Size (RSF): 16,978 SF
Gross Building Area: 22,062 SF
Gross Land Area: 0.94 Acres
Sale Price: $1,799,000
Unit Price: $105.96 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2023

Overview / Comments

This brick building was built and operated as a multi-tenant office building for many years, however it is now primarily an owner occupied building. It has 8,432 sf on the first floor, 8,432 sf on the second floor, 5,084 sf in the lower level, and 114 as the exterior entrance for a total of 22,062sf. The square footage measurement is not warranted.

The FIRST FLOOR was originally divided into 5 separate, 1,686 sf spaces, each separately metered for electric and each space having restrooms. All 5 units have a front door and a back door. The end units have three windows on the side. The first unit has two windows in the rear.

The SECOND FLOOR was built with a center hall and a total of 18 small office units, 9 on each side of the hall. Each unit has a sliding door with a balcony and a "hotel type" HVAC unit on the exterior wall. Common HVAC runs down the hall and into the first room off of the hall. The second floor also includes a men's and a women's restroom, a HVAC room and some storage.

The LOWER LEVEL was built with some office units and 2 restrooms. There is a nice exterior side entrance to the lower level and an exit from the lower level to the center lobby on the first floor. The LOWER LEVEL also houses the electric and other mechanicals and has storage space.

The zoning on the property is OTF which will allow hotel, apartment hotel, assisted living residence, extended stay lodging, medical laboratories, and physical fitness instruction. This might make the building a candidate for short term rentals for medical patient families.

The parking lot was recently paved and it has 52 spaces. Very nice and large monument sign in front of the property.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 0029-0048
Zoning: OTF - Office/Tourist Facility
Property Visibility: Excellent
Area Description: Very desirable area near the Dupont medical area, including Norton's and Baptist's Hospital campuses.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 8,475 SF
Year Built: 1979
Roof Type: Arched
Construction/Siding: Brick
Exterior Description: Brick construction
Parking Type: Surface
Parking Description: Recently paved parking lot.
Total Parking Spaces: 52
Heat Type: Electricity
Heat Source: Central, Wall Units
Zoning Description: OTF
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,488 121,013 279,740
Median Age: 36.7 40.48 40.1
Households: 4,703 55,356 123,755


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