Catylist ID:
#30385371
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 |
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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