Redevelopment Opportunity + Cash-Flowing Duplex

923 E Madison Street, Louisville, KY 40204

  • For Sale $1,375,000
  • Property Type Multi-Family
  • Property Size 14,734 SF
  • Units 3
  • Lot Size 0.5 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1890
  • Year Renovated 2019
  • Date Updated Apr 8, 2024
Well positioned just outside the growing NULU corridor in the Phoenix Hill Neighborhood. Very close proximity to the downtown medical district.This property offers an exciting redevelopment opportunity on the edge of NULU in the Phoenix Hill Neighborhood. The property consists of 6 total lots, with a renovated and furnished duplex 832 SF/unit and a 13,070 SF historic warehouse that is prime for a multi-family/mixed-use redevelopment project. In addition to the buildings, the asking price includes .31 acres of vacant land zoned OR-2. The duplex features a solid tenant base of medical professionals seeking close proximity to downtown Louisville's medical hub. Currently, the warehouse is being utilized as a USDA-approved facility and storage for 2 companies that will vacate upon closing. With the OR-2 zoning, the warehouse could be converted to multifamily, office, and/or event space.

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Contacts

broker

Sam Griffin, CBI

eXp Commercial

(502) 640-3622

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable

  • Transit Score ®

    51/100 Good Transit

  • Bike Score ®

    79/100 Very Bikeable
Powered by Walk Score ®
  • City Louisville, KY
  • Neighborhood Phoenix Hill
  • Zip Code 40204
  • Market Louisville

Points of Interest

  • ChargePoint

    0.91 miles

  • Shell

    0.96 miles

  • Thortons Gas

    0.99 miles

  • Speedway

    1.08 miles

  • LouLift Electric Bus Charger

    1.20 miles

  • Thornton's Gas & Minimart

    1.77 miles

  • Shell

    1.80 miles

  • Speedway

    1.91 miles

  • Kroger Fuel Center

    1.96 miles

  • Speedway

    2.01 miles

  • Parking Garage and Institutional Services Building

    0.52 miles

  • U of L Physicians Outpatient Center Parking Garage

    0.57 miles

  • Jewish Hospital Parking Garage

    0.75 miles

  • Jewish Hospital Parking Garage

    0.78 miles

  • Jewish Hospital Parking Garage

    0.79 miles

  • Riverside Parking

    0.81 miles

  • Le petit Parking

    0.83 miles

  • Green Parking Lot

    0.91 miles

  • Waterfront Park Place Parking Garage

    0.93 miles

  • Orange Parking

    0.94 miles

  • AC Hotel by Marriott Louisville Downtown

    0.41 miles

  • Residence Inn - Louisville Downtown

    0.73 miles

  • Cambria Hotel Louisville Downtown-Whiskey Row

    0.81 miles

  • SpringHill Suites by Marriott Louisville Downtown

    0.89 miles

  • Hampton Inn Louisville Downtown

    0.91 miles

  • Fairfield Inn & Suites by Marriott Louisville Downtown

    0.91 miles

  • Econo Lodge Downtown

    0.97 miles

  • Hotel Louisville Downtown

    1.02 miles

  • Aloft Louisville Downtown

    1.02 miles

  • Omni Louisville Hotel

    1.07 miles

  • Ward 426

    0.28 miles

  • Rye

    0.33 miles

  • Decca

    0.35 miles

  • Feast BBQ

    0.35 miles

  • Royals Hit Chicken

    0.37 miles

  • Chicken King

    0.37 miles

  • Mayan Cafe

    0.38 miles

  • Grind Burger Kitchen

    0.38 miles

  • Spinelli's Pizza

    0.43 miles

  • Wiltshire on Market

    0.44 miles

  • Breckinridge Metropolitan High School

    0.35 miles

  • Rubel Avenue School

    0.36 miles

  • Merker School

    0.37 miles

  • Home of the Innocents High School

    0.40 miles

  • Lincoln Performing Arts School

    0.41 miles

  • Home of the Innocents Elementary School

    0.42 miles

  • Saint Boniface School

    0.49 miles

  • Breckinridge-Franklin Elementary School

    0.65 miles

  • University of Louisville - Health Science Center Campus

    0.66 miles

  • Washington School

    0.70 miles

  • Rise and Shine Child Care Center

    0.50 miles

  • Kiddo

    2.62 miles

  • Kiddie Kampus Day Care

    3.02 miles

  • Little Achiever's Academy

    3.09 miles

  • St. Benedict Center for Early Education

    3.18 miles

  • Lost Child Area

    3.33 miles

  • Shiloh Community Renewal Center Day Care Center

    3.70 miles

  • Sproutlings Pediatric Day Care & Preschool

    3.91 miles

  • Cornerstone Child Development Center

    4.89 miles

  • Brilliant Minds Academy

    6.07 miles

Frequently Asked Questions

What is the lease rate for Redevelopment Opportunity + Cash-Flowing Duplex?

Rental asking rate at Redevelopment Opportunity + Cash-Flowing Duplex is $687,500.00/YR.

What is the total square footage of Redevelopment Opportunity + Cash-Flowing Duplex?

Redevelopment Opportunity + Cash-Flowing Duplex totals 14,734 square feet.

When was this property built?

Redevelopment Opportunity + Cash-Flowing Duplex was built in 1890.

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Contact Listing Broker

broker

Sam Griffin, CBI

eXp Commercial

(502) 640-3622