Listed by Evans Property Management, LLC
$3,900,000
310 & 324 East Broadway
Details
APN 030B00970000
Property Type Retail, Office
Sub Type Executive Office, Commercial
Square Footage 41,742
Cap Rate 8.18%
NOI $318,977
Occupancy 95%
Tenancy Multi
Lease Type NNN
Price per SqFt $93
Class C
Year Built 1864,1960
Year Renovated 2015
Buildings 2
Stories 1
Acreage 0.799
Zoning C3
Retail | 8.18% CAP | 41,742 SqFt
Marketing description
310 East Broadway is conveniently located in downtown Louisville directly across from Norton Hospitals with quick access to I-65 and the Highlands.
310 East Broadway was elegently constructed in 1864 and was the home of Louis Brandeis. It blends the original architectural allure of Louisville's past with contemporary conveniences. Many of it's original construction remain today including the stone front facade and interior wooden staircase. The property is currently 100% occupied by 12 tenants.
Investment opportunity to own two properties located downtown off East Broadway. 310 East Broadway is 100% occupied consisting of 12 total tenants.
Anchor tenants include Vitalskin, Have a Heart Foundation and Seven Counties
The 324 East Broadway Church building is located on East Broadway between Preston Street and Floyd Street across from Norton Healthcare Pavilion. This property consists of approximately 12,000 square feet between two floors. Its primary use is a Church.
324 East Broadway is fully occupied by the Kingdom Fellowship Christian Church.
324 East Broadway was constructed in 1960. It is currently leased to the Kingdom Fellowship Church.
Investment highlights
- 310 East Broadway
- Prime Location: Nestled in the heart of Louisville, 310 East Broadway ensures maximum visibility and accessibility for any business.
- Charm & Modern Amenities: Blending the architectural allure of Louisville’s storied past with contemporary conveniences.
- Spacious Layout: Boasting expansive spaces, the property provides versatile floor plans suitable for a myriad of commercial uses.
- State-of-the-art Infrastructure: Featuring top-tier broadband connectivity, modern HVAC systems, and energy-efficient lighting, ensuring a conducive and comfortable environment for all.
- Secure on-site Parking: Ease the commuting stress for staff and clients alike with ample on-site parking facilities, a true luxury in downtown settings.
- Robust Security System: Equipped with advanced CCTV surveillance and biometric access controls, the property ensures a safe and secure environment around the clock.
- New Cooling Tower in 2015
- Replaced Approximately 20 of 32 Water Source Heat Pumps Since 2017
- All Windows Upgraded Except the Historical Windows
- Renovated Common Areas in 2015
- New Front Doors in 2015
- Key Fob System
- Security Cameras
- 324 East Broadway
- Prime Location: Situated in the heart of Louisville's vibrant downtown district, this property offers unparalleled access to restaurants, entertainment, and cultural attractions.
- Historic Charm: Appreciate the historic charm of this beautifully preserved building, with its intricate architectural details, including ornate facades and decorative moldings.
- Versatile Commercial Space: Boasting expansive, open concept interiors, this property provides a versatile canvas for businesses of all types.
- High Ceiling: Soaring ceilings not only create a sense of spaciousness but also allow for creative interior design options, making this space truly one-of-a-kind.
- Proximity to Major Highway: Conveniently located near major highways and transportation hubs, including I-64 and I-65, this property is easily accessible for all.
- Renovated Interiors: Enjoy modern amenities and comfort in a historic setting. The interiors have been tastefully renovated to meet contemporary standards while preserving the building's character.
- HVAC Replaced in 2017
- Roof Replacement in 2019
- Replaced Metal Railings in 2021
Listing Contacts
Listed by Evans Property Management, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$318,977.00
$26,581.42/mo
Valuation Metrics
0
DSCR
8.18%
Cap Rate
8.18%
ROI
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