Building Details:
992 Barret Ave is located in Louisville, KY.
992 Barret Avenue is the historic home of Speier Ace Hardware, which opened in 1944 and is a long-time fixture in the Original Highlands neighborhood.
Located on historic Barret Avenue, the local hardware store in the building has operated on this busy and historic corridor for 70 years. While the business is remaining open and could also be purchased, the building is well suited for a retro-fit into many other types of commercial and retail uses, including a retail store or restaurant. It contains approximately 4,972 sf, and a parking lot in the rear with easy access from the street and alley and a rear entrance to the building. A basement of approximately 2,452 sf is great for storage. There is an upstairs former residential space that was the living quarters for the original owners.
The property is well located in a location with immense character and high exposure. Abutting the charming, tree-lined residential streets of the Original Highlands, the building is surrounded by a diverse mixture of local businesses, and enjoys solid traffic and great pedestrian walkabilty. It is in close proximity to downtown, the Bardstown Road/Baxter Avenue, and the booming Lexington Road corridor (which has tons of new apartment development slated soon).
The building would be well suited for an adaptive re-use project that could include leasing to a tenant for investment, or an owner-occupant. A buyer could also continue the hardware store operation. This presents a very unique opportunity to acquire a well-known fixture in the local market.
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- Jim Baker, agent and Rofo Pro