PORTLAND OPPORTUNITY

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30318247
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Status: Pending/Contingent
Building Size (RSF): 9,500 SF
Gross Land Area: 0.73 Acres
Sale Price: $69,000
Unit Price: $7.26 PSF
Property Use Type: Vacant/Owner-User
Building Name: FORMERLY THE HUB
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2018

Overview / Comments

AT 17TH AND MARKET ON THE NORTHWEST CORNER STANDS A SOLID BRICK STRUCTURE WHICH WAS PROBABLY BUILT AS 3 SEPARATE BUILDING JOINED TOGETHER IN RECENT TIMES. IT WAS MOST RECENTLY "THE HUB" WHICH WAS A DEPARTMENT STORE FOR THE PORTLAND NEIGHBORHOOD. THE INTERIORS HAVE BEEN STABILIZED WITH PLASTER REMOVED TO EXPOSED BRICK WALLS AND CEILING JOISTS. THERE ARE NO WORKING UTILITIES SO YOU HAVE A WONDERFUL OPPORTUNITY TO CREATE YOUR OWN SPACES. THE 1ST FLOOR HAS A STORE FRONT LOOK WITH NORMAL HISTORIC WINDOW OPENINGS ABOVE. THE METAL ROOF IS RECENT ON MOST OF THE BUILDING. SOME RECORDS DATE BACK TO THE 1850S AND THE HEYDAYS OF THE AREA.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 014a0108000 & 014A01070000
Zoning: C-1 - Commercial District
Property Located Between: 17TH AND 18TH BETWEEN MAIN AND JEFFERSON STREETS
Property Visibility: Excellent
Largest Nearby Street: MARKET
Highway Access: 8-10 BLOCKS TO INTERSTATE RAMPS
Airports: 15 MINUTES TO LOUISVILLE INTERNATIONAL AIRPORT
Site Description: FLAT CITY LOT ON CORNER ACROSS FROM FAMILY DOLLAR. 3-4 VACANT LOTS TO WEST AVAILABLE THROUGH CITY.
Area Description: VIBRANT PORTLAND NEIGHBORHOOD, WHERE NEW DEVELOPMENT AND RECREATION ARE HAPPENING!
Property Condition: Poor
Year Built: 1880
Roof Type: Other
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,004 132,602 280,862
Median Age: 30.97 35.04 36.63
Households: 6,419 56,177 121,256
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.