Price Reduction! Restaurant/Bar or New Development Opportunity
Retail-Commercial
for Sale
Also listed as Multi-Family, Vacant Land
Catylist Listing ID: |
30869371 |
Property Subtypes: |
Convenience Store, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
|
Building Size (RSF): |
9,704 SF
|
Gross Land Area: |
0.84 Acres
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Sale Price: |
$949,000 |
Unit Price: |
$97.79 PSF |
Property Use Type: |
Investment, Business |
Building Name: |
The 21st in Germantown and Barrel Room |
Usable Size (USF): |
9,704 SF |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
8/15/2024 |
Overview / Comments
Priced reduced, motivated seller! Incredible opportunity to purchase the "oldest bar in Louisville", the 21st Bar in Germantown and Barrel Room is truly a one of a kind opportunity. This two story building has been operating as a bar, restaurant and music venue for many years with several thousand poured into renovations to preserve it's historic nature while creating a fun venue for both locals and tourists. The first floor of the building includes a fully operational bar/ restaurant with courtyard/patio on one side, and a full music event space with another full bar on the other side. Further opportunity awaits on the second floor with a shell space to meet your buildout dreams. Potentially more bar/restaurant space, coffee shop, nightclub or event space or possibly apartment units, Airbnb units, office or retail? The property has potential for so many uses, even medical m Whatever you desire, this space is a beautiful blank canvas full of windows and natural light, ready for a buyer's vision to be made reality.
Even better, this solid structure sits on 0.8443 acres on the corner of S. Shelby Street and E. Burnett Avenue and includes a massive off-street parking lot. A large corner lot is a rare find in the heart of Germantown. So if a bar/restaurant isn’t your desired use, another use on this prime property is easily achievable!
AND MORE....The Seller is including FF&E, inventory, liquor license (to be transferred by buyer) and goodwill in the business. Call today for more info! Amanda Helfrich, MAI, Homepage Realty, 502.807.7319
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Additional Details
Nearest MSA: |
Louisville/Jefferson County |
County: |
Jefferson |
Taxing Authority: |
Jefferson County, City of Louisville |
Tax ID/APN: |
026F00300000 |
Zoning: |
C-1 - Commercial District |
Total Number of Buildings: |
1 |
Number of Stories: |
2 |
Property Condition: |
Good |
Year Built: |
1887 |
Year Renovated: |
2020 |
Parking Type: |
Surface |
Parking Description: |
Off street gravel lot |
Demographic Statistics
Proximity: |
1 mile |
3 miles |
5 miles |
Total Population: |
23,526 |
148,556 |
323,823 |
Median Age: |
35.56 |
35.73 |
36.96 |
Households: |
11,372 |
66,070 |
140,211 |
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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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