Redevelopment Opportunity + Cash-Flowing Duplex

923 E Madison Street, Louisville, KY

$1,375,000

Price

14,734 sqft

Building Size

0.5 acres

Lot Area

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Street
Map
Overview
Building Size
14,734 sqft
Lot Area
0.5 acres
Occupancy
100%
Units
3
Year Built
1890
Floors
2
Description

This property offers an exciting redevelopment opportunity on the edge of NULU in the Phoenix Hill Neighborhood.

The property consists of 6 total lots, with a renovated and furnished duplex 832 SF/unit and a 13,070 SF historic warehouse that is prime for a multi-family/mixed-use redevelopment project.

In addition to the buildings, the asking price includes .31 acres of vacant land zoned OR-2.

The duplex features a solid tenant base of medical professionals seeking close proximity to downtown Louisville's medical hub.

Currently, the warehouse is being utilized as a USDA-approved facility and storage for 2 companies that will vacate upon closing. With the OR-2 zoning, the warehouse could be converted to multifamily, office, and/or event space.

Well positioned just outside the growing NULU corridor in the Phoenix Hill Neighborhood. Very close proximity to the downtown medical district.

Location
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