Redevelopment Opportunity + Cash-Flowing Duplex
923 E Madison Street
Louisville, KY 40204
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.
Well positioned just outside the growing NULU corridor in the Phoenix Hill Neighborhood. Very close proximity to the downtown medical district.