Building Details:
841 E Washington St is located in Louisville, KY.
Great chance to get into NULU, Butchertown, and E Washington St. on a great corner lot property
Business and Property are available here, business is active and can easily be a turn key operation, also an option to keep first floor business as a tenant and lease ourenovate/expand second and third floor.
Redevelopment is an option too as the property is able to elevate 3 stories through out and has food service grandfathered into the property. Developing as a full residential property could also have a strong return as well. The average 2bd/1ba unit goes for about 1000-1500 per month in this area, and if 6 units were built, the property will gross anywhere from 6000-9000 per month, as it will likely be fully leased with quality tenants.
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- Jim Baker, agent and Rofo Pro