Prime Redevelopment Opportunity - Heart of the Highlands

1230 Bardstown Rd Louisville, KY 40204

1230 Bardstown Rd, Louisville, KY, 40204
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
Please Call Broker for Price

Last Verified:
Aug 06, 2024

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Description

Welcome to a unique opportunity in the heart of the Highlands, Louisville's most vibrant and sought-after neighborhood. This offering features two adjacent parcels, 1230 Bardstown Rd & 1664 Beechwood Ave, with one building spanning 13,412 square feet, commercially zoned, and ready to be transformed into a landmark destination.

Key Features:
- Prime Location: Nestled in the bustling Highlands, known for its eclectic mix of boutiques, eateries, and entertainment options.
- Redevelopment Potential: Perfect for a multi-family redevelopment project, with ample space to create 10-12 modern apartment units.
- Commercial Zoning: Ideal for incorporating a restaurant or entertainment venue on the ground floor.
- Historic Charm: This property retains its historic character, offering a unique blend of classic architecture and contemporary possibilities.
- Renovation Ready: Mostly gutted and ready for a visionary developer to bring new life to this historic landmark.
- Tax Incentives: The property may qualify for historic tax credits, providing significant financial benefits for the redevelopment project. We recommend consulting your preferred counsel to explore these incentives further.

Take advantage of the opportunity to develop a vibrant living and entertainment space in one of Louisville's most iconic neighborhoods. With endless possibilities, this is your chance to contribute to the Highlands' dynamic future.

Heart of the Highlands


Year Built: 1890
Building Size: 13412sq ft
Building Class: C
Lot Size: 11597.38 acres

Map of 1230 Bardstown Rd, Louisville, KY, 40204

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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • 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.