328 Caldwell St - Flex FOR SALE


Louisville, KY 40203- Smoketown
$347,500 USD
502-592-1555
328 Caldwell St, Louisville, KY for Sale
$347,500 USD
Flex - FOR SALE
1/2
null | Request Cap Rate

328 Caldwell St
Louisville, KY 40203
Smoketown


HIGHLIGHTS

  • 6,953 SF commercial building
  • C-2 Commercial zoning allows for a broad range of uses •
  • Two drive-in garage bays with warehouse functionality
  • Ideal for office/warehouse, brewery, manufacturing, storage, distribution, contractor services, AirBnB, entertainment venues
  • Prime urban infill location near Downtown Louisville
  • Convenient access to I-65, I-64 & major employment centers

OVERVIEW

Positioned in one of Louisville's most dynamic urban corridors, 328 E. Caldwell Street presents a rare opportunity to acquire a strategically located commercial property in the heart of the city's thriving Paristown, Shelby Park, and Germantown districts. Surrounded by continued investment, new development, entertainment venues, restaurants, and residential growth, this property offers exceptional potential for investors, developers, owner-users, or those seeking a value-add opportunity in a rapidly appreciating market. The property consists of approximately 6,953 square feet and is zoned C-2 Commercial, providing tremendous flexibility for a wide variety of commercial and industrial uses. Featuring two high-clearance garage bays, the building is well-suited for warehouse operations, light manufacturing, contractor services, distribution, storage, brewery or beverage production, creative workspace, flex industrial, showroom, general office/warehouse users, or, because it is C-2, it can even function as an Airbnb (STR) or apartment in the front and run your business out of the rear for multiple revenue-earning opportunities. Located minutes from Downtown Louisville, the University of Louisville, and major transportation routes, the property benefits from excellent accessibility, strong logistical advantages, and proximity to some of Louisville's most sought-after neighborhoods. The surrounding area has experienced significant revitalization in recent years, fueled by major developments, increased residential demand, and expanding commercial activity. Whether envisioned as an owner-occupied facility, redevelopment project, investment property, brewery, production space, warehouse operation, or mixed-use conversion, 328 E. Caldwell Street offers the flexibility to capitalize on Louisville's continued urban growth. Property Highlights • ±6,953 SF commercial building • C-2 Commercial zoning allows for a broad range of business uses • Two high-clearance garage bays with warehouse functionality • Ideal for office/warehouse, brewery, manufacturing, storage, distribution, contractor services, and flex industrial users (Airbnb in front, business in the rear space) • Prime urban infill location near Downtown Louisville • Minutes from Paristown Pointe, Germantown, Shelby Park, and the Highlands • Convenient access to I-65, I-64, and major employment centers • Surrounded by ongoing residential and commercial investment • Strong owner-user and investment potential • Located within one of Louisville's fastest-growing urban neighborhoods Investment Highlights The property's central location places it within a corridor that continues to attract both public and private investment. As redevelopment activity expands throughout the surrounding neighborhoods, opportunities to acquire commercially zoned assets with warehouse capabilities and flexible use options have become increasingly limited. The combination of C-2 zoning, substantial square footage, garage bay access, and strategic urban location creates multiple paths for value creation, whether through owner occupancy, repositioning, redevelopment, leasing, or long-term investment hold strategies. Offered for Sale Property is being sold As-Is and is competitively priced below the area's average price per square foot. The offering has been further adjusted by approximately 15% for Immediate Growth and Rehabilitation (IGR) considerations, creating an attractive opportunity for investors and owner-users seeking below-market acquisition pricing with upside potential. Contact Agent for Pricing, Zoning Information, Financial Analysis, and Property Tours. • Prime urban infill location near Downtown Louisville • Minutes from Paristown Pointe, Germantown, Shelby Park, and the Highlands • Strong redevelopment and appreciation potential • Convenient access to I-65, I-64, and major employment centers • Surrounded by ongoing residential and commercial investment • Ideal for investors, developers, owner-users, or value-add operators • Located within one of Louisville's fastest-growing urban neighborhoods

FOR SALE DETAILS

PRICE

$347,500 USD

PRICE/SF

$50 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

undefined, Storefront Retail/Residential, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1880

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.13

LAND SF

5,520

ZONING

C2-COMMERC

APN/PARCEL ID

030F00760000

ASK ABOUT THIS PROPERTY

Bryan MaynardBreland Group Ltd, TheMore Info
502-592-1555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Bryan MaynardBreland Group Ltd, TheMore Info
502-592-1555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.