Pending

1604 Story Ave, Louisville, KY, 40206

$950,000

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3,492

Square feet

Time on site: 7 Days

About 1604 Story Ave

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.

Facts & Features

MLS® # 1656915
Price $950,000
Bathrooms 0.00
Square Footage 3,492
Acres 0.00
Type MultiFamily
Sub-Type Apartment
Status Pending

Community Information

Address 1604 Story Ave
Area 03-Clifton/Crescent Hill/St Matthews
Subdivision NONE
City Louisville
County Jefferson
State KY
Zip Code 40206
Directions Head south on S 1st St toward E Market St  384 ft Turn left after White Castle (on the left)  1.1 mi Turn left onto Baxter Ave  440 ft Use the right 2 lanes to turn right onto E Main St  0.5 mi Continue onto Mellwood Ave  0.6 mi Use the left lane to turn left onto Brownsboro Rd  0.1 mi

Amenities

Utilities City Sewer
Is Waterfront No

Interior

Heating Forced Air
Fireplace No

Exterior

Exterior Features None
Roof Shingle
Construction Brick

Listing Details

OfficePRG Commercial Property Advisors

Detailed Map of 1604 Story Ave, Louisville, KY

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Local Housing Market Trends

Median Sale Price

$284,000 -7.2%

# Homes Sold

235 -21.9%

Days on Market

19 +35.7%

This home is located in an Above Average Market
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