Opportunity Zone Office Building For Sale
Office
for Sale
| Catylist Listing ID: |
30873055 |
| Property Subtypes: |
Governmental, Office Building
|
| Building Size (RSF): |
241,500 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.01 Acres
|
| Sale Price: |
$7,775,000 |
| Unit Price: |
$32.19 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Building Name: |
Chestnut Centre |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/15/2024 |
Overview / Comments
Excellent opportunity for redevelopment and to own a piece of Louisville history. The Chestnut Centre is conveniently located across the street from the new Hilton Garden Inn / 8UP Elevated Drinkery & Kitchen, and The Edge on 4, a 232 unit Luxury apartment building.
Built in 1907, it has been known as many names, originally the Atherton Building, The Francis Building, and now the Chestnut Centre.
Currently, there are 20 tenants who occupy the building, all on various term leases. Financials, Income, and operating expenses can be sent upon request.
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Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
013K01150000 |
| Zoning: |
C-3 - Commercial District |
| Number of Stories: |
11 |
| Year Built: |
1907 |
| Parking Description: |
Chestnut Centre parking garage is also included in the sale. It offers 100 covered parking spaces. |
| Total Parking Spaces: |
100 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
21,414 |
141,328 |
299,012 |
| Median Age: |
35.56 |
35.47 |
37.07 |
| Households: |
9,738 |
61,467 |
129,341 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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