The Portland Building - Opportunity to Define Louisville's Threshold

617 Carter St Louisville, KY 40212

617 Carter St, Louisville, KY, 40212
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,050,000
Last Verified:
Apr 24, 2024


Description

A historic 35,974 SF warehouse on 1.49 acres, right off of I-64 at exit #22. Standing at the gate-way of downtown Louisville, this property is a unique opportunity for a new owner to redefine one of Louisville’s most traveled corridors. With C-1 zoning already in place, this property permits a variety of commercial uses spanning hospitality and retail, with average traffic counts exceeding 9,000 cars daily on 22nd street. With great exposure for both directions of I-64 - an ADT of almost 60,000 cars - this property could not be better situated for users or businesses with such requirements.

Originally built in 1910, the warehouse has undergone many renovations and additions throughout its history, with the most recent user being a large thrift shop. The building includes two stories, with the 1st floor currently acting as a store-front or retail space, and the second story utilized as storage. As of now, the building has one dedicated dock, but there are numerous areas where additional dock space could be reopened or added. Shingle Roof was replaced in Jan. 2024.

Family Health Center & Exit #22 Off-Ramp


Year Built: 1910
Building Size: 35974sq ft
Building Class: C
Lot Size: 1.49 acres


Documents

Flyer_603_617_Carter_St.pdf

Map of 617 Carter St, Louisville, KY, 40212

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.