$2,350,000
Prospect, KY 40059
MLS# 1660902
2544 sqft
1 / 49
Property 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.
Details
Maps
Documents
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Current Price: $2,350,000
General Listing Information
Listing Date: 2024-05-15
Listing Price: 2350000
Property Sub Type: Apartment
REO/Bank Owned/HUD: No
HOA Y/N: Yes
HOA Annual $: 1974
Location
Street #: 10612
Street: Meeting
St Suffix: St
Area: 09-Anchrg/Glnvw/Lyndn/Prospct
Sub Area: B
County: Jefferson
State/Province: KY
Zip Code: 40059
Deed Bk: 10406
Parcel ID: 372503170000
Pg #: 0813
Subdivision/Condo: NORTON COMMONS
Municipality: None
Preservation Dist: None
Directions: Highway 22 east -left on Chamberlain Lane-right into Norton Commons Blvd-right on Meeting Street. OR turn on RT 1694 left on Norton Commons Blvd and left on Meeting Street.
Geo Lat: 38.323359
Geo Lon: -85.566068
Contract Info
Original List Price: 2350000
Disclosure: Yes
Property Description
SqFt -Total Finished: 2544
Above Grade Finished: 2544
Below Grade Unfin: 632
Sqft - Total Unfin: 632
SqFt - Source: Appraiser
First Floor Laundry: No
Garage Y/N: Yes
Garage Spaces: 2
Basement Y/N: No
Total Units: 4
Lot Size Dimensions: 100.84X24.01
Lot SF: 4800
Security Deposit: 2%
Age: 9
Year Built: 2015
# Parking Spaces: 10
Covered Parking: No
Garage: 2 Car Garage
Term/Lease: NA
# of Furnaces: 4
# of Water Heaters: 4
Separate Meters: Yes
Sold As-Is: No
M Struct Flood Plain: No
Style: Traditional
Status Change Info
Status: Active
1st Level
Total Units: 2
# of Rooms: 6
Partial Baths: 1
Closets: 2
Kitchen: 1
Refrigerator: 1
Range: 1
Dishwasher: 1
Storage: 2
2nd Level
Total Units: 2
# of Rooms: 10
Living Room: 2
Bedrooms: 4
Full Baths: 2
Closets: 8
Kitchen: 2
Refrigerator: 2
Range: 2
Dishwasher: 2
Laundry: 2
Storage: 2
Cooling
# of HVAC Units: 4
Property Features
Construction: Frame - Wood; Cement Board
Roof: Shingle
Owner Pays: See Remarks
Tenant Pays: Cable; Electric; Gas; Sewer; Trash Removal; Water; See Remarks
Project Facilities: Playground; Pool; Other - See Remarks
Exterior: See Remarks
Utilities: City Sewer; City Water; Electricity Connected; Fuel:Natural
Heating: # of HVAC Units; Forced Air; Natural Gas
Cooling: Central Air
Lot Description: Covt/Restr; Sidewalk; See Remarks
Supplements
***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.
SURVEY 10612 & 10614 MEETING ST PLAT 
Listing Office: EXP Realty LLC
Last Updated: May - 15 - 2024
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