2509 Portland Ave Louisville, KY 40212-1039

Property Details for 2509 Portland Ave

Year built

1900

Lot size

0.79 lot acres

Zone code

C1-COMMERCIAL

Property type

Office buildings

APN

02005F00430000

APU

02005F00430000

Description

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.