10612 Meeting St, Prospect, KY 40059 | MLS# 1660902

Description

Two Live/Work Buildings are for Sale as an Investment property or for an owner/user. Zoned commercial first floor with signature store fronts and rear private entrances. PLUS, two second floor apartments with attached garages. Located in Norton Commons South Village Town Center, Louisville’s Traditional Town Development. Desirable and highly sought after development. Multi-use product and long-term flexibility, mixed use commercial and residential. Centrally Located between Springhurst, Jefferson County and Crestwood, Oldham County. Commercial ground-floor is ideal for medical or professional office or even a showroom/studio. A+ area. Stable leasing history. PROPERTY TYPE: Retail, Multifamily, Office, Mixed Use
PROPERTY SUBTYPE: Creative Office, Executive Office, Traditional Office. ***THE MLS ROOM REMARKS ARE FOR ONLY ONE APARTMENT. AND BRIEF COMMERCIAL ***
COMMERCIAL: Each Building has 1,272 SF of finished commercial space, total 2,755 RSF/USF, 12-14′ ceilings with drop down and sound panels. Currently combined as one for existing lease holder (one business) open concept. Built with flexibility to use as 1 space or 2 spaces. Real Estate Taxes, Insurance/CAM/ Dumpster: Tenant to pay the prorated share of expenses.

APARTMENT/CONDO: 2 Rental Units: apartment/condo. Open concept with 2bd/2ba/1,272 SF Combined total 2,544 SF, 10′ ceilings, luxury appointments meeting the standards of the neighborhood, 1 car 316sqft, attached garage for each unit and private rear entrance with parking lot in rear and on street parking in front on Meeting Street. Similar units rent compare $2300 -3100/mo and attached garages are very hard to find.

BUILDING DESCRIPTION: Approximately 5,300 S. F. of rare, stand-alone building. The building is positioned with East-West exposure situated alongside professional businesses and coffee shop, across from retirement community and 3 story apartment building on Meeting Street between Norton Commons Blvd and Delphinium St. One block south from the Town Center. Large sidewalk frontage and public access to main parking lot.
Note: Each building is deeded separately, and apartments cannot be sold off as condos. Short-term rentals/VRBO’s are allowed.

LOT: Each lot is 100.84 X 24.01

COMMENTS: Similar to The Waters in Pikes Road, Alabama with much more activity and the Watercolor/Cinnamon Shores type of developments. Norton Commons development concept is designed by the Seaside FL’s world-renowned architect firm of DPZ CoDesign. Principals of Andres Duany and Elizabeth Plater-Zyberk designed similar and successful developments throughout the country and worldwide. https://www.dpz.com/projects/norton-commons/
Call listing agent for lease details and disclosures. Shown by appointment only. Tenant’s Signage: on the front of the premises. Maintain and repair in a first-class manner. HVAC maintained with a service contract. NO SIGN. LISTED TO SELL AS ONE BUILDING; CALL TO DISCUSS PURCHASING INDIVIDUAL BUILDING. SEPARATE PURCHASES WOULD NEED TO CLOSE BACK TO BACK. BUILDINGS ARE IDEAL FOR OWNER OCCUPANT. BUILDING IS CURRENTLY OCCUPIED.