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1015 S 4th St 8,650 SF 100% Leased Office Building Louisville, KY 40203 $580,000 ($67.05/SF)
EXECUTIVE SUMMARY
Leased Office Building
This beautiful victorian office building is situated in the heart of Old Louisville. It is in close proximity to Simmons College, Spalding University, and the University of Louisville; making it an excellent choice for businesses seeking a connection to
the academic and professional community. The ideal buyer would be an owner occupant wanting additional income as well as an investor. Landlord is currently getting $3,785 a month in rent. The rents are below market rate so there could be an opportunity to increase rental rates as well as fill vacancies.
Highlights Include:
*Prime location
* Income generating with opportunity to
increase rental rates.
* Flexible size office spaces
* Ample parking
* Shared common areas which include, foyer, conference and kitchen.
For financials please go to the deal room:
https://connect.prgproperty.com/deal-room/306?signature=b1d3aefb5fb8088254c345ee1ad56b5788538c56fe795f0f5598fa7ba47d2d5a
Members-only remarks
The information in this listing was obtained from sources deemed to be reliable. The broker does not warrant or represent any information provided.
This beautiful victorian office building is situated in the heart of Old Louisville. It is in close proximity to Simmons College, Spalding University, and the University of Louisville; making it an excellent choice for businesses seeking a connection to
the academic and professional community. The ideal buyer would be an owner occupant wanting additional income as well as an investor. Landlord is currently getting $3,785 a month in rent. The rents are below market rate so there could be an opportunity to increase rental rates as well as fill vacancies.
Highlights Include:
*Prime location
* Income generating with opportunity to
increase rental rates.
* Flexible size office spaces
* Ample parking
* Shared common areas which include, foyer, conference and kitchen.
For financials please go to the deal room:
https://connect.prgproperty.com/deal-room/306?signature=b1d3aefb5fb8088254c345ee1ad56b5788538c56fe795f0f5598fa7ba47d2d5a
Members-only remarks
The information in this listing was obtained from sources deemed to be reliable. The broker does not warrant or represent any information provided.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,650 SF
Building Class
B
Year Built
1880
Price
$580,000
Price Per SF
$67.05
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,244 SF
Slab To Slab
11’
Building FAR
0.76
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
TNZD - Traditional Neighborhood Zoning District
Parking
18 Spaces (2.08 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 029H00630000 | Improvements Assessment | $385,000 |
| Land Assessment | $40,000 | Total Assessment | $425,000 |
PROPERTY TAXES
Parcel Number
029H00630000
Land Assessment
$40,000
Improvements Assessment
$385,000
Total Assessment
$425,000
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1015 S 4th St
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