528 E Liberty St - Apartments FOR SALE


Louisville, KY 40202- Phoenix Hill
$1,600,000 USD
502-558-8078
528 E Liberty St, Louisville, KY for Sale
$1,600,000 USD
Apartments - FOR SALE
1/19
null | 7.12% Cap Rate

528 E Liberty St
Louisville, KY 40202
Phoenix Hill


OVERVIEW

Park Edge, located in the highly desirable NuLu neighborhood in Louisville, KY, comprises of two well-maintained buildings on a .429-acre parcel. Built in 2012, the first building, located at 528 E Liberty Street, is a 2,142-square-foot, single-story retail space currently occupied by NuLu Edge Market/Convenience Store. The second building, located at 406-412 South Hancock Street, is a three-story, 9,029-square-foot building offering a total of 8 residential units across the 2nd and 3rd floors of the building. The ground floor includes 2 commercial spaces: approx. 1,500 square foot Subway restaurant with a drive-thru and a 1,000 square foot office space, ideal for professional or retail use. Park Edge enjoys close proximity to local attractions, high foot traffic, easy access to major roads, and ample parking with 17 spaces. There is residual land that can be developed on the site. This mixed-use development presents an attractive investment with diversified income streams and value add opportunity in a flourishing submarket.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

8

PRICE/UNIT

$200,000

CAP RATE

7.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NULU Mixed-Use FOR SALE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2012

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

PD

APN/PARCEL ID

095F00420000

ASK ABOUT THIS PROPERTY

Alex ZegaCORE Real Estate PartnersMore Info
502-558-8078

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Alex ZegaCORE Real Estate PartnersMore Info
502-558-8078

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.