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Shelby Park Development Opportunity 2 Properties Offered at $1,094,144 CAD in Louisville, KY
Investment Highlights
- Combined three-parcel assemblage totaling approximately 0.44 acres in the Shelby Park neighborhood.
- C-1 zoning supports a variety of uses, including retail, office, and short-term rental options.
- Opportunity Zone designation with potential eligibility for historic and other development tax credits.
Executive Summary
This listing includes three properties: 1267, 1269, and 1271 S. Shelby St., for a total acreage of approximately .44 acres zoned C-1, and a combined 10,351 SF of building space.
1267 S. Shelby St.: .202 acres with a 2,100 SF warehouse/garage
1269 S. Shelby St.: .128 acres with a 3,687 SF building with apartments on the 2nd floor, built 1885
1271 S. Shelby St.: .109 acres with a 4,564 SF building, built 1890
Located on S. Shelby St. at a prime corner of the fast-growing Shelby Park area, this development opportunity is a great chance to plant a flag in the neighborhood.
Opportunity Zone designation and C-1 zoning allows for a variety of uses, including first floor retail/office, with short term rentals on the upper floors. The large lot allows for off-street parking or other activation of the vacant land. Given the ages of the buildings, development may be eligible for historic tax credits in addition to OZ or other development credits.
1267 S. Shelby St.: .202 acres with a 2,100 SF warehouse/garage
1269 S. Shelby St.: .128 acres with a 3,687 SF building with apartments on the 2nd floor, built 1885
1271 S. Shelby St.: .109 acres with a 4,564 SF building, built 1890
Located on S. Shelby St. at a prime corner of the fast-growing Shelby Park area, this development opportunity is a great chance to plant a flag in the neighborhood.
Opportunity Zone designation and C-1 zoning allows for a variety of uses, including first floor retail/office, with short term rentals on the upper floors. The large lot allows for off-street parking or other activation of the vacant land. Given the ages of the buildings, development may be eligible for historic tax credits in addition to OZ or other development credits.
Property Facts
| Price | $1,094,144 CAD | Number of Properties | 2 |
| Price / SF | $145.75 CAD / SF | Individually For Sale | 0 |
| Sale Condition | Redevelopment Project | Total Building Size | 7,507 SF |
| Sale Type | Investment | Total Land Area | 0.44 AC |
| Status | Active |
| Price | $1,094,144 CAD |
| Price / SF | $145.75 CAD / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,507 SF |
| Total Land Area | 0.44 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1267 S Shelby St, Louisville, KY 40204 | Industrial | 2,100 SF | 1890 | - |
| 1269-1271 S Shelby St, Louisville, KY 40203 | Retail | 5,407 SF | 1890 | - |
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