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: 7/11/2024

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.

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

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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
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