Downtown Investment Opportunity

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30385371
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 7,700 SF
Gross Building Area: See Agent
Gross Land Area: 0.12 Acres
Sale Price: $1,500,000 - 1,700,000
Unit Price: $194.81 - 220.78 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2021

Overview / Comments

Now offering 124 South First Street for sale. This two-story brick building offers a tremendous opportunity due to its location and current condition. Located within the Opportunity Zone and could meet QOZ fund requirements for substantial improvements. Located within very close proximity to the KY International Convention Center, Whiskey Row, KFC Yum! Center, Omni Louisville Hotel, and directly next door to the Aloft Hotel.

<> Tremendous Upside
<> A+ Location Within Very Close Proximity to Major Attractions
<> Booming Submarket in Downtown Louisville
<> Qualified Opportunity Zone Project Potential
<> Surrounded by Parking Lots and Garages

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 017A01790000
Zoning: C-3 - Commercial District
Retail Clientele: Business, Traveler, Tourist, Convention
Property Located Between: W. Main Street & W. Market Street
Property Visibility: Excellent
Largest Nearby Street: Main Street
Feet of Frontage: 50
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 3,500 SF
Property Condition: Good
Year Built: 1914
Year Renovated: 2014
Construction/Siding: Wood Shingle

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,764 131,994 303,270
Median Age: 32.6 35.42 37.1
Households: 5,723 58,420 131,141


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