EXECUTIVE SUMMARY - LoopNet...Louisville’s Bourbon scene has exploded over the past 10 years. Downtown alone has witnessed 5 new distilleries recently drawing huge tourism dollars

For Sale | 231 East Main Street | Louisville, KY

7400 S. Park Place, Louisville, KY 40222 | (502) 821-6738 | [email protected]

EXECUTIVE SUMMARY

Historic Main Street

Downtown Louisville

Opportunity Zone

231 E Main | EXECUTIVE SUMMARY

CONFIDENTIALITY AGREEMENT & DISCLAIMER

The information contained in the following Executive Summary (“ES”) is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Column Realty and should not be made available to any other person or

entity without the written consent of Column Realty. The ES has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.. The information contained herein is not a substitute for a thorough due diligence investigation. Column Realty has not made any investigation and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, presence of lead based paint, the compliance with State and Federal regulations the physical condition of the improvements thereon, or the financial condition of business prospects of any tenant, or any tenants plans or the intentions to continue its occupancy of the subject property. The information contained in this ES has been obtained from sources we believe to be reliable however Column Realty has not verified and will not verify any of the information contained herein nor has Column Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Column Realty is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identify this ES. The presence of any corporations logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said Corporation of Column Realty, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Column Realty, and is solely included for the purpose of providing tenant lease information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY

PLEASE CONSULT COLUMN REALTY FOR MORE DETAILS


OFFERING SUMMARY –

Column Realty is pleased to present 231 East Main Street (“231”),

a located in the Downtown Louisville Opportunity Zone. Formerly

known as the Louisville Grocery Company Building, the structure

is ideally located near several tourist attractions including

Louisville Waterfront Park, multiple new Bourbon Distilleries,

Louisville Slugger Field and KFC YUM! Center. Further Proximity to

Corporate Headquarters including Humana, LG&E and Atria

make 231 E Main a wonderful redevelopment target.


Site Details

➢ .29 Acres

➢ 20 Parking Spaces

➢ Zoned Commercial C-3

➢ The C-3 Commercial Zone is intended as a specialized

district for the Central Business District (CBD). The C-3 Zone

is intended for high density/intensity commercial and

residential developments recognizing the CBD as the focal

point of business, commercial area, and transportation

facilities. The is NO Maximum Floor Area Ratio (FAR) and a

Maximum of 435 dwelling per acre.

➢ 34,160 SF Above Grade | 5 Floors (per Jefferson County, KY PVA)

➢ 6,832 SF Basement Area (per Jefferson County, KY PVA)

➢ Concrete Foundation | Masonry Walls

➢ Post & Beam Structural System. 3 Columns Wide and 7

Columns Deep.

➢ All Hardwood Flooring except the basement which is

concrete.

➢ Ceilings – Exposed Rafters

➢ 100% Vacant - All Floors are Open in their configuration

except for a small area on Floor 2.


Lou City FC Stadium

Louisville Waterfront

Park

KY International Convention

Center

Louisville City Hall

Butchertown | NULU

Major Nearby Entertainment and Employment

➢ Humana Headquarters

➢ Waystar (formerly ZirMed)

➢ Hilliard Lyons

➢ Medical District (UofL Hospital & Norton Healthcare)

➢ Bourbon Distilleries: Angels Envy, Old Forester, Michter’s and Peerless.

➢ KFC YUM! Center (home for Univ of Louisville Basketball)

➢ Louisville City FC Soccer Stadium – Opening 2020

➢ Louisville Slugger Field (home of Cincinnati Reds AAA affiliate)

➢ Kentucky International Convention Center

➢ Kentucky Center for the Arts

➢ Muhammad Ali Center, Kentucky Science Center, Louisville Slugger Museum


Main Street Growth

1 Million

Visitors in

2019

New $45M Distillery

Opening

2020

Louisville

World HQ

New $27MDistillery, 60k

annual visitors

Over 13,000 Seats

Louisville Waterfront

Park

Over 1.5M visitors/YR

MILLIONS Of Visitors Surround 231 E Main


Louisville is witnessing tremendous

growth both City Wide and Downtown.

Louisville’s best-known sporting event is the annual Kentucky Derby

at Churchill Downs. However, the immediate area surrounding 231 E

Main is quickly becoming the HUB of sports entertainment in

Louisville with the KFC YUM! Center, Louisville Slugger Field, and the

newly built Louisville City FC Soccer Stadium.

Louisville Overview


LOUISVILLE Overview

Louisville metro is composed of Indiana’s Harrison, Washington, Clark, Floyd and Scott counties, as well as Kentucky’s Jefferson, Spencer, Oldham, Trimble, Shelby, Bullitt and Henry counties. Louisville, in Kentucky is the region's most populous city with more than 618,000 citizens, followed by Jeffersonville, Indiana which has 47,000 residents. The Ohio River cuts through the region and was an

important player in the region's development.

Metro Highlights

Centralized LocationApproximately 60% of US cities are within a one-day drive of the metro, providing access to large economic centers.

Major Distribution CenterLouisville’s strategic geographic placement has made it a hub for the logistics and distribution industries.

Balanced EconomyLouisville boasts a well-diversified economy focused on advanced manufacturing, logistics, life sciences and healthcare, among other industry sectors.

TourismLouisville’s Bourbon scene has exploded over the past 10 years. Downtown alone has witnessed 5 new distilleries recently drawing huge tourism dollars to the metro.

Key Demographics *

✓ 1.3M Metro

Population

✓ 518K Metro

Households

✓ 38.9 Median Age

* Bureau of Economic Analysis, Moody’s Analytics, US Census Bureau


Louisville’s Opportunity Zone Geography

231 E Main

“B

ou

rbo

nis

m”

Urb

an

Gro

wth


Site Photos


Site Photos


Site Photos


Front

Rear

Main Street


Pricing |Inquires | Tours

Aaron WillisPrincipal [email protected]

Column Realty | 7400 S Park Pl, Suite 1, Louisville, KY 40207 | 502.821.6738

OFFERED AT $5,000,000

Documents

EXECUTIVE SUMMARY - LoopNet...Louisville’s Bourbon scene has exploded over the past 10 years. Downtown alone has witnessed 5 new distilleries recently drawing huge tourism dollars