Prospect, KY Office Property For Sale

Two Live/Work Buildings are for Sale as an Investment property or for an owner/user. Zoned commercial first floor with signature store fronts and rear private entrances. PLUS, two second floor condo/apartments with attached garages. Located in Norton Commons South Village Town Center, Louisville's Traditional Town Development. Desirable and highly sought after development. Multi-use product and long-term flexibility, mixed use commercial and residential. Centrally Located between Springhurst, Jefferson County and Crestwood, Oldham County. Commercial ground-floor is ideal for medical or professional office or even a showroom/studio. A+ area. Stable leasing history.

DETAILS: well-built construction which could not be reproduced at today’s asking price. No LiveWork lots available in Norton Commons at this time.

COMMERCIAL: Each Building has 1,377.5 SF of finished commercial space, total 2,755 RSF/USF, 12-14' ceilings with drop down and sound panels. Currently combined as one for existing lease holder (one business) open concept. Built with flexibility to use as 1 space or 2 spaces. Real Estate Taxes, Insurance/CAM/ Dumpster: Tenant to pay the prorated share of expenses.

APARTMENT/CONDO: 2 Rental Units: apartment/condo. Open concept with 2bd/2ba/1,272 SF, 10' ceilings. Combined total 2,544 SF luxury appointments meeting the standards of the neighborhood, 1 car 316 sqft (non conforming S.F. not included in total), attached garage for each unit and private rear entrance with public parking lot in rear and on street parking in front on Meeting Street. Similar units rent compare $2300 -3100/mo and attached garages are very hard to find.

BUILDING DESCRIPTION: Approximately 5,300 S. F. of rare, stand-alone building. The building is positioned with East-West exposure situated alongside professional businesses and coffee shop, across from retirement community and 3 story apartment building on Meeting Street between Norton Commons Blvd and Delphinium St. One block south from the Town Center. Large sidewalk frontage and public access to main parking lot.

LOT: Each lot is 100.84 X 24.01.

Note: Each building is deeded separately, and apartments cannot be sold off as condos. Short-term rentals/VRBO’s are allowed.

COMMENTS: Similar to The Waters in Pikes Road, Alabama with much more activity and the Watercolor/Cinnamon Shores type of developments. Norton Commons development concept is designed by the Seaside FL's world-renowned architect firm of DPZ CoDesign. Principals of Andres Duany and Elizabeth Plater-Zyberk designed similar and successful developments throughout the country and worldwide. https://www.dpz.com/projects/norton-commons/

Call listing agent for lease details and disclosures. Shown by appointment only, Commercial: 24-hr notice, before 8:45am or after 5:15pm any time Saturday or Sunday. Tenant's Signage: on the front of the premises. Maintain and repair in a first-class manner. HVAC maintained with a service contract. NO SIGN.

Fully leased office condo with a 10.50% CAP. Tenant has signed just signed a 1-year lease at $ 1,800 monthly with an options to renew. They are responsible for their own electricity.

Located in the heart of Prospect, Kentucky along US 42. These Class A condominiums are adjacent to Walgreens and Prospect Village Shopping Center, which holds tenancy to Starbucks Coffee, Super Kroger, Chase Bank and various restaurants and retail shops.

Each unit has a high end executive finish with full bath, kitchen, conference room, and entry lobby. The office space can be owner occupied at closing or the owner would be willing to do a lease-back if a delayed possession is desired.

HOA is $225.00 a month

Prospect is located just east of Louisville, Ky and near the banks of the Ohio River. Primary access to the area is by way of Brownsboro Rd (US 42), the Gene Snyder Freeway (I-265) and River Road.

Ample parking in the front and rear of the building.