Barbarella Louisville 116 E Main St

116 E Main St , Louisville, Kentucky, 40202 | 10,660 sq.f | $ 1,595,000

Card image
Card image
Card image

About This Restaurant

Investment Highlights

Located steps away from "Whiskey Row" a few blocks away from the "KFC Yum Center" Open Plan with exposed brick. Existing bars and nightclub layout Close proximity to Yum Center, river front park

Executive Summary

Adjacent to Nulu - Prime location investment. With its rich history and potential for various uses, you have plenty of options to explore.*Location: The property is steps away from Louisville's Whiskey Row, which is known for its vibrant entertainment and dining district. Being in the heart of downtown Louisville, it offers exposure to a large number of metro commuters and benefits from its proximity to Southern Indiana.*Building Description: The three-story building, built in 1888, spans over 10,000 square feet. Its historic charm and architecture can be leveraged to create a unique and appealing space for visitors.*Previous Use: The building was previously used as a night club but had to close due to the COVID-19 pandemic. This closure presents an opportunity for you to reimagine the space and give it a new lease on life.*Zoning: The property is zoned as C-2, providing flexibility for various uses. Some potential options include converting it into a distillery tasting facility, a multi-restaurant and event venue, or a Bourbon "speak easy." The possibilities are endless, limited only by your imagination and local regulations.*Proximity to Amenities: The property's location offers several advantages. It is adjacent to a five-story parking garage, making it convenient for visitors. It's also within blocks of the KFC Yum Center, Louisville Slugger Field, and the Louisville Slugger Museum, adding to its appeal as an entertainment destination. Additionally, being centrally located between main expressway and interstate access points and the world-famous "Bourbon district" enhances its visibility and accessibility.*Airbnb Potential: The property is zoned for Airbnb conversion, which opens up the opportunity for short-term rentals. This could be an additional revenue stream or a way to showcase the unique character of the building to travelers.It's important to conduct due diligence and consult with professionals, such as real estate agents, architects, and zoning experts, to fully explore the feasibility of your desired plans.

Property Details

  • Sale Type    Investment or Owner User
  • Sale Condition    Build to Suit
  • Property Type    Retail
  • Property Subtype    Bar Bar General Retail Storefront Bar
  • Building Size    10,660
  • Building Class    C
  • Year Built/Renovated    1888/2005
  • Price    1,595,000
  • Price Per SF    150
  • Tenancy    Single
  • Building Height    3 Stories
  • Building FAR    2.45
  • Land Acres    0.10 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Atrium
  • Bus Line
  • Corner Lot
  • Freeway Visibility

Nearby Amenities & Transportation

Retail Joe's Crab Shack
Retail Truist
Retail Wolfgang Puck
Retail Old Spaghetti Factory
Retail U.S. Bank
Retail Starbucks
Retail The YMCA
Retail Park National Bank
Retail TGI Fridays
Retail Fifth Third Bank

Property Taxes

Parcel Number 017A02020000 Improvements Assessment $248,700
Land Assessment $1,477,370 Total Assessment $1,726,070
Date Created: 2024-07-16 04:16:15 Last Updated: 2024-07-16 04:16:15
Address: 116 E Main St , Louisville, Kentucky, 40202