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 |
| © 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. |
