Catylist ID:
#30871066
Commercial Property for Sale next to Logan St Market
Retail-Commercial
for Sale
Also listed as Office
Catylist Listing ID: | 30871066 |
Property Subtypes: | Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other |
Building Size (RSF): | 4,873 SF |
Gross Building Area: | See Agent |
Gross Land Area: | 0.17 Acres |
Sale Price: | $495,000 |
Unit Price: | $101.58 PSF |
In Opportunity Zone? | Yes |
Property Use Type: | Investment, Vacant/Owner-User, Business |
Sale Terms: | Cash to Seller |
Cap Rate: | Undisclosed |
Last Updated: | 9/6/2024 |
Overview / Comments
We are pleased to present this mixed-use property for sale located 6 doors down from Logan Street Market. Logan Street is a vibrant retail corridor that has seen significant investment in recent years. Logan Street and Shelby Street are undergoing a two-way traffic conversion that will bode well for the area's retail prospects. The property is comprised of roughly 4,873 SF of space spread across 3 structures. The first structure was a former residence is roughly 1,604 SF. The second structure is a workshop/garage that is roughly 1,932 SF. The third structure is a rear garage with tall ceilings that roughly 1,082 SF. The property is currently zoned OR-2 but is actively being rezoned to commercial zoning (C-1). The owner is on pace to achieve their desired zoning by August 2024. This property would make a phenomenal retail store, restaurant, and/or other commercial use that values the area as well as the versatility of the space. Call today to schedule a tour! |
Attachments & Media
Additional Details
Nearest MSA: | Louisville/Jefferson County |
County: | Jefferson |
Tax ID/APN: | 025ASROW0000 |
Zoning: | OR-2 - Office/Residential District |
Retail Clientele: | General, Family, Business, Tourist |
Property Visibility: | Excellent |
Largest Nearby Street: | Logan St |
Area Description: | Vibrant Retail Corridor is rapidly becoming one of the city's most desirable. |
Tenancy: | Single Tenant |
Property Condition: | Average |
Year Built: | 1950 |
Construction/Siding: | Stone |
Parking Type: | Surface |
Zoning Description: | Currently OR-2 The owner is actively rezoning the property to commercial zoning. The process will be completed by August of 2024. |
Water Service: | Municipal |
Sewer Type: | Municipal |
Demographic Statistics
Proximity: | 1 mile | 3 miles | 5 miles |
---|---|---|---|
Total Population: | 25,238 | 144,047 | 330,000 |
Median Age: | 35.97 | 35.95 | 36.89 |
Households: | 12,035 | 64,464 | 142,654 |
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