Catylist ID:
#30861026
BOURBON STORAGE for AGING 40,000 barrels near downtown LOUISVILLE, KY
Industrial
for Sale
| Catylist Listing ID: | 30861026 |
| Property Subtypes: | Industrial-Business Park, Mixed Use, Warehouse/Distribution, Other |
| Building Size (RSF): | 346,092 SF |
| Gross Land Area: | 10 - 11 Acres |
| Sale Price: | $5,000,000 |
| Unit Price: | $14.45 PSF |
| Ceiling: | 16 ft. / 15 ft. Clear |
| Docks/Doors: | 5 Docks, 3 Doors |
| Office SF: | 7,000 SF |
| Drive In Bays: | 7 Bays |
| Property Use Type: | Vacant/Owner-User, Business |
| Building Name: | The Bernheim |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 8/25/2024 |
Overview / Comments
|
This property features THREE buildings of 115,364sf per building of warehouse/industrial space for a total of approx. 346,092sf combined on the property. These buildings were originally built in 1933 by Isaac Wolfe Bernheim (creator of Bernheim Forest and Bernheim Distillery) and were used to store I.W. Harper bourbon. After being abandoned for several decades, they have received proper zoning variance approvals to incorporate the use of their original purpose - bourbon storage! 1600 Bernheim Ln is the first building closest to Bernheim Ln and currently features a car storage facility (Bernheim Car Club, approx. 17,000sf) with a beautiful bar that would make for the perfect tasting experience for tourists visiting Louisville's popular bourbon tourism. The first floor also features a second, separated tenant space of approx. 9,000sf with 2,000sf of beautiful office spaces. The 2nd, 3rd and 4th floors are wide open and structurally in-tact for expansive warehouse or fulfillment opportunities. *The Bernheim Car Club and its 6-axis racing simulator (by SimCraft and iRacing software) will be included in the sale. 1602 Bernheim Ln is the middle building on the property and the only building that has been approved by Louisville Metro Planning & Design for a CAT2B Zoning Variance AND Shively Metro Council for the Site Construction Plans to store approx. 40,000 barrels of spirits for the purpose of aging. The building plans are nearing their final approvals and will then allow for necessary construction work to begin. Ask listing agent for details on building plans. This building features its original internal containment system which will be externally re-directed to the established containment area on site. The containment area will support approx. 2,120,000 gallons (or 40,000 barrels worth) of liquid. 1604 Bernheim Ln is the third building, or farthest from Bernheim Ln, and has had infrastructure additions of water, sewer, gas and improved electric (to 800amps). The building also features a new roof, new elevator, dry-sprinkler system on all floors, new fire-rated doors on all floors, and the buildout of 1,800sf office space that include 2 restrooms and water access to additional upper floors. This building currently has a tenant on the 1st & 2nd floors. The complex is being sold in its entirety with an ideal end user offering Bourbon distilling, storage, bottling, warehouse, etc. With this amount of square footage available, the possibilities are endless. Don't miss this rare opportunity for bourbon storage in Louisville, KY, minutes to downtown, UPS, SDF, I-65, I-64, I-71 and 264-Expressway. |
Attachments & Media
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Taxing Authority: | Shively, Louisville Metro & Jefferson County |
| Tax ID/APN: | 100502080000 |
| Zoning: | EZ-1 - Enterprise Zone District |
| Property Located Between: | 7th Street Rd and Dixie Hwy |
| Highway Access: | I-65, I-64, I-71 and 264-Expressway |
| Airports: | Louisville International (SDF), Bowman (KLOU), Clark Regional Airport (KJVY) |
| Site Description: | Cleared site of approx. 10.5 acres that currently features three buildings with a footprint of 28841sf / each, for a total footprint of 86,523sf. Please ask listing agent for approved site-construction plans. |
| Area Description: | Shively is historically known for its storage of aging spirits starting back to its original existence as a city in 1938, being incorporated separately by the established eight distilleries in the area and annexing their district. |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 3 |
| Number of Stories: | 12 |
| Typical SF / Floor: | 28,841 SF |
| Year Built: | 1933 |
| Year Renovated: | 2020 |
| Roof Type: | Flat |
| Construction/Siding: | Brick, Concrete |
| Exterior Description: | Constructed by two layers of brick with 8" concrete floorplates between floors. These buildings feature most of their original façade on the exterior. |
| Parking Ratio: | 2 (per 1000 SF) |
| Parking Type: | Surface |
| Parking Description: | Some pavement has been completed. Purposed site construction plans allow for 150+ additional parking spaces. |
| Total Parking Spaces: | 170 |
| Eave Height: | 12 |
| Column Spacing: | 17.5' |
| Freight Elevators: | 3 |
| Overhead Cranes: | Undisclosed |
| Sprinklers: | Wet, Dry |
| Amps: | 800 |
| Volts: | 440 |
| X-Phase: | 3-phase |
| Heat Type: | Electricity, Natural Gas, Space Heaters |
| Heat Source: | Central, Ceiling Units, Other |
| Air Conditioning: | Engineered System |
| Lighting: | LED, Other |
| Internet Access: | Cable, Satellite |
| Interior Description: | There are currently 3 high-end office spaces in use on the complex. |
| Zoning Description: | The land is zoned EZ=1 and required a 200' setback variance approval for the storage of high-hazard spirits for aging, which has been approved by Louisville Metro Planning & Zoning in June of 2023. |
| Lot Frontage: | 150' |
| Lot Depth: | 197' |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Electric Lines, Water Rights, Utilities |
| Easements Description: | See recorded easements, pertaining to utilities. |
| Land Ownership: | One parcel by owner of record. |
| Legal Description: | See recorded deed. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 16,612 | 143,913 | 277,238 |
| Median Age: | 36.54 | 35.21 | 36.45 |
| Households: | 6,721 | 60,347 | 118,396 |
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