1154 Logan Street

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30045744
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Status: Pending
Building Size (RSF): 5,250 SF
Gross Building Area: See Agent
Sale Price: $325,000
Unit Price: $61.90 PSF
Property Use Type: Business
Building Name: T-Eddy's
Usable Size (USF): 4,552 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/7/2018

Overview / Comments

Located on the corner of Logan Street and Oak Street, this property is front and center for one of Louisville’s “up-and-coming” neighborhoods. Residential and commercial investment opportunities are already well into fruition all around this property as well as it’s perspective neighborhoods of Germantown, Shelby Park, and Smoketown..
Within three vantage points of the property there are two premier large-scale residential developments, a hot-spot hub for a local development non-profit is located behind the property on Shelby and Oak Street. What has been already cultivated is a community rich for newly renovated homes as well as a mixture of re-purposed commercial structures for various uses.
Given the property’s location, the previous intended use of a bar/restaurant as well as other uses are all viable options.

Property could be eligible for Develop Louisville funds. Please see link below.

https://louisvilleky.gov/government/louisville-forward/local-loan-programs

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 025A00260000
Zoning: C-1 - Commercial District
Property Located Between: East Oak Street and East St. Catherine Street
Largest Nearby Street: East Oak Street
Feet of Frontage: 37
Highway Access: The property is centrally located, well within a 1/2 radius of I-65.
Airports: Outside a 1 mile radius of Louisville International Airport.
Site Description: Very well located site. The property is within 1/2 mile of two major developments (Germantown Mills Lofts and Bradford Mills Lofts) as well as the proprietary interest Access Ventures has helped establish on Shelby Street (behind the property) and in the Shelby Park Neighborhood.
Area Description: The neighboring area consist of Germantown, Shelby Park, & Smoketown.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 2,276 SF
Year Built: 1890

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,791 144,405 326,246
Median Age: 36.23 35.92 36.97
Households: 11,717 64,560 141,115
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.