Rare, Office & Retail Opportunities - Trophy Location

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30149186
Status: Pending/Contingent
Building Size (RSF): 29,202 SF
Gross Building Area: See Agent
Sale Price: $3,800,000
Unit Price: $130.13 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2017

Overview / Comments

This presents a truly rare opportunity to purchase or lease commercial real estate in a prime, infill location with excellent, on-site parking. The trophy location includes two adjacent properties in Louisville’s historic Cherokee Triangle, and contains great 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 properties may be purchased or leased together or separately.

They offer unique opportunities with limited commercial properties along Grinstead Drive in the Cherokee Triangle. The two adjoined sites could also make for a prime development opportunity. Both contain excessive parking for the area.

- Addresses: 1101 Ray Ave. and 2440-48 Grinstead Drive
- Located in high quality, trophy location
- Excellent parking and C1 zoning
- Potential development site with approx. 1.5 acres

Please inquire with agent for more information on this opportunity.

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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