The mixed-use building at 2747 Bank Street in Louisville, KY, consists of one commercial unit, a one-bedroom, one-bath unit in the rear under renovation, and an approximately 1,000 sq ft oversized one-bedroom, one-bath loft upstairs. There is an additional commercial unit on the first floor, about 350 sq ft, that can be used as storage or converted into a small office, with both front and rear access.
The commercial space was previously a retail convenience store and can be remodeled similarly or converted to office space. There is a parking pad in the rear with potential for enclosed parking. The property is eligible for a METCO grant for facade redevelopment due to its vacancy for over a year.
The entire building needs a complete renovation (a gut rehab), but it has a great shell and bones, making it a valuable opportunity in a gentrifying area. Bank Street was repaved recently, and the roof was replaced in 2021.