Rare, Infill Office Opportunity

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30149179
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 23,504 SF
Gross Building Area: See Agent
Sale Price: $2,600,000
Unit Price: $110.62 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2017

Overview / Comments

2440-48 Grinstead Drive is truly rare opportunity to purchase office space in a prime, infill location with excellent, on-site parking. The trophy location in Louisville’s historic Cherokee Triangle is located with excellent exposure on Grinstead Drive. It is adjacent to one of Kentucky’s most prestigious, K-12, private educational institutions (Louisville Collegiate School) and is surrounded by high quality single family and multifamily housing. The property is available for purchase or lease, and is also offered in conjunction with the neighboring property at 1101 Ray Avenue. This presents a unique opportunity as one of the few commercial properties along Grinstead Drive in the Cherokee Triangle.

The building contains a total of approximately 23,504 sf on two levels, with 11,752 on the first floor and an 11,752 sf finished lower level. It offers parking in the front and rear and ingress and egress off of Grinstead Drive, as well as a rear entrance. It is suitable for many types of commercial users, including traditional office space or medical use.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 075H00620000
Zoning: C-1 - Commercial District

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,422 130,959 306,962
Median Age: 37.98 38.48 37.94
Households: 8,948 61,922 135,364
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