For Sale
$799,000

2509 Portland AveLouisville, KY 40212

Historic Portland Ave, Multi-Tenant Office

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional mixed-use office building, located at 2509 Portland Ave in Louisville, Kentucky, presents a unique investment opportunity. Boasting 10,684 total square feet and 8,090 net rentable square feet, this two-story, Class C building sits on a 0.7-acre lot and was constructed in 1953. The property features 15 parking spaces, including two electric vehicle charging stations, situated in a private lot directly behind the building. The building's prime location along Portland Avenue places it amongst established businesses, including Shaheen's Department Store, Janes Brothers Hardware, Kyros Brewing, and the Outsider Art Museum & Gallery. Currently housing multiple organizations such as Schooler Prep Academy and DeCode Project, the building offers flexible office spaces. A significant renovation in 2018 updated the ground floor, including HVAC systems and two new restrooms. Additional features include a basketball gym and a partially finished basement. The property is zoned C1 and offers a compelling blend of history, modern amenities, and strong tenant occupancy. The asking price is $799,000, translating to $74.78 per square foot. This presents a rare chance to acquire a well-located, multi-tenant office building with significant upside potential in a thriving Louisville neighborhood.

Highlights

  • $799,000 asking price for this mixed-use office building.
  • 10,684 total square feet, with 8,090 square feet of net rentable space.
  • $74.78 price per square foot.
  • Located at 2509 Portland Ave, Louisville, KY 40212.
  • Class C building, built in 1953, featuring two stories.
  • 0.7-acre lot with 15 parking spaces, including two electric vehicle charging stations.

Property Details for 2509 Portland Ave

Property type
Office properties, Mixed-use properties
Square Feet
10,684 SF
Class
C
Year Built
1953
Buildings
1
Stories
2
Lot Size (sq. ft)
30,492 SF

Location Insight

City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.2710884
Longitude
-85.7892921
2509 Portland Ave, Louisville, Kentucky

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2509 Portland Ave
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