Redevelopment Opportunity + Cash-Flowing Duplex

For Sale

923 E Madison Street, Louisville, KY 40204

This Louisville property for sale is located at 923 E Madison Street. The current listed sale price for Redevelopment Opportunity + Cash-Flowing Duplex is $1,375,000. Redevelopment Opportunity + Cash-Flowing Duplex is situated on a lot that is 0.5 acre in size.

Contacts

broker

Sam Griffin, CBI

eXp Commercial

(502) 640-3622

Property Details

  • 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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Getting around

  • 86/100

    Walk Score ®

  • 51/100

    Transit Score ®

  • 79/100

    Bike Score ®

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Location

  • 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

  • Bourbon Barrel Foods

    1.10 miles

  • Dollar General

    1.34 miles

  • Mid City Mall

    1.35 miles

  • Kroger

    1.52 miles

  • Kroger

    1.85 miles

  • Bombay International

    2.08 miles

  • The POD

    2.46 miles

  • Kroger

    3.15 miles

  • Pic-Pac

    3.65 miles

  • Aldi

    3.68 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Sam Griffin, CBI

eXp Commercial

(502) 640-3622