PENDING
Local Information
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Description
This C-2 zoned mixed use building is located in the heart of Butchertown, on high traffic Story Avenue. The location is blocks from the Lynn Family soccer stadium, NuLu, I-64, Frankfort Avenue, and myriad other destinations.
The offering includes five nicely furnished Airbnb's (including transfer of the Superhost profile with years of strong reviews), approximately 1,750 SF of first floor retail or office, and an off street parking lot for five vehicles. There is also street parking available on Story Ave.
The current office occupant is on a MTM lease, allowing an investor the flexibility to occupy the first floor, potentially renew the existing lease, or lease to a new tenant at a higher rate. This property has demonstrated consistently strong cash flow, and is an excellent opportunity to acquire a desirably located, turnkey asset.
The offering includes five nicely furnished Airbnb's (including transfer of the Superhost profile with years of strong reviews), approximately 1,750 SF of first floor retail or office, and an off street parking lot for five vehicles. There is also street parking available on Story Ave.
The current office occupant is on a MTM lease, allowing an investor the flexibility to occupy the first floor, potentially renew the existing lease, or lease to a new tenant at a higher rate. This property has demonstrated consistently strong cash flow, and is an excellent opportunity to acquire a desirably located, turnkey asset.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$272
Listed
37 days ago
Home Details for 1604 Story Ave
Interior Features |
|---|
Dimensions and Layout Living Area: 3492 Square Feet |
Heating & Cooling Heating: Forced AirHas HeatingHeating Fuel: Forced Air |
Exterior Features |
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Exterior Home Features Roof: ShingleExterior: None |
Parking & Garage No Garage |
Water & Sewer Sewer: City Sewer |
Finished Area Finished Area (above surface): 3492 Square Feet |
Days on Market |
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Days on Market: 37 |
Property Information |
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Property Type / Style Property Type: Residential IncomeProperty Subtype: Apartment |
Building Construction Materials: Brick |
Property Information Parcel Number: 0 |
Price & Status |
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Price List Price: $950,000Price Per Sqft: $272 |
Status Change & Dates Off Market Date: Fri Apr 05 2024 |
Active Status |
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MLS Status: Pending |
Location |
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Direction & Address City: LouisvilleCommunity: None |
Agent Information |
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Listing Agent Listing ID: 1656915 |
Building |
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Building Area Building Area: 3492 Square Feet |
HOA |
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No HOAHOA Fee: No HOA Fee |
Miscellaneous |
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Mls Number: 1656915 |
Last check for updates: about 6 hours ago
Listing courtesy of Jenny Johnston, (502) 645-1729
PRG Commercial Property Advisors
Source: GLARMLS, MLS#1656915
Price History for 1604 Story Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 04/05/2024 | $950,000 | Pending | GLARMLS #1656915 |
| 03/21/2024 | $950,000 | Listed For Sale | GLARMLS #1656915 |
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Comparable Sales for 1604 Story Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.37 | Apartment | $1,100,000 | 08/16/23 | - | 4,472 | ||
1.40 | Apartment | $539,700 | 04/19/24 | 8 | 4 | 4,126 | |
1.28 | Apartment | $1,070,037 | 07/07/23 | 5 | 3 | 6,375 | |
1.42 | Apartment | $415,000 | 08/22/23 | - | 4,551 | ||
1.61 | Apartment | $768,000 | 02/05/24 | - | 4,506 | ||
1.51 | Apartment | $989,995 | 05/10/23 | 9 | 5 | 6,838 | |
2.32 | Apartment | $875,000 | 12/27/23 | 16 | 10 | 6,476 | |
2.45 | Apartment | $335,000 | 12/27/23 | 5 | 3 | 5,820 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Butchertown
- Kelsey S.
- Resident
- 3y ago
"It’s urban but the streets are quiet. I like that I can walk my dog around the block, and there’s also a bar two streets in the other direction. Cool vibe"
- Maggie V.
- Resident
- 4y ago
"Great and quiet neighborhood, but it has it's quirks. Great walking, Frankfort Ave and surrounding restaurants and bars are fantastic. houses can be right on top of eachother with no yards. Easy access to Shelbyville Rd as well as downtown. "
- Tdavis4523
- Resident
- 4y ago
"Butchertown Grocery. I work there and I believe that it has made me a better place as well as the community better. The standard and the bar has definitely been raised with the restaurant "
- Justin H.
- Resident
- 5y ago
"You see people walking all the time and it has lots of shops. There are a few parks in the area where you can take your dog."
- discountequity
- 10y ago
"Living right by the waterfront park has many advantages. Waterfront Wednesday is a blast. Riding bicycles or walking to the park is so much fun. New Lu offers many nice places to dine and a few good events every year. Very close to many attractions but just far enough off the path that we don't get much traffic in the area. Many professional people live in the area."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jenny Johnston, PRG Commercial Property Advisors
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The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
1604 Story Ave, Louisville, KY 40206 is a studio, 3,492 sqft apartment. 1604 Story Ave is located in Butchertown, Louisville. This property is currently available for sale and was listed by GLARMLS on Mar 21, 2024. The MLS # for this home is MLS# 1656915.