Office Space
2915 Frankfort Avenue Louisville, KY 40206
Details & Description
Price: $1,850,000
    Crescent Center is a truly rare, mixed use opportunity located in one of Louisville’s most high quality, infill locations. Situated on Frankfort Avenue in the heart of Crescent Hill, the property currently enjoys 100% occupancy with a mixture of office, retail and residential tenants.The property consists of two buildings and has been substantially upgraded over the past 8 years with new roofs, gutters, windows, siding, and countless interior and mechanical upgrades. An investor will enjoy the steady rental history, and appreciation as strong as anywhere in the market with the intrinsic value of the real estate. This is also an excellent opportunity for an owner-user to use space and enjoy rental income from tenants. Price well below replacement costs, a purchaser can take advantage of historically low interest rates in a long-term, A + location.The property offers abundant parking and caters to a high-demand tenant in the market- quality businesses with smaller space needs.>100% leased with mixed-use tenancy; upward mobility in rents>Highest of quality location; offered well below replacement cost>Major capital upgrades and well-maintained*Property also includes address of 103-105 Crescent Avenue. Please do not disturb tenants.
    Listing Agents
    Reed Weinberg

    O: 502-365-3840
    M: 502-299-0548
    pinnacle@prginvestments.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    2915 Frankfort Avenue

    Louisville, KY 40206

    Listing ID: 209302
    • 2915 Frankfort Avenue Louisville, KY 40206 | for Sale | Photo 1
    • 2915 Frankfort Avenue Louisville, KY 40206 | for Sale | Photo 2
    • 2915 Frankfort Avenue Louisville, KY 40206 | for Sale | Photo 3
    2915 Frankfort Avenue | for Sale | Thumbnail 1
    2915 Frankfort Avenue | for Sale | Thumbnail 2
    2915 Frankfort Avenue | for Sale | Thumbnail 3
    Building Size: 18,038 SF
    Lot Size: 1.500 AC
    Land Size: 65,340 SF
    Building $/SF: $102.56
    Land $/SF: $28.31
    Price
    $1,850,000
    Description

    Crescent Center is a truly rare, mixed use opportunity located in one of Louisville’s most high quality, infill locations. Situated on Frankfort Avenue in the heart of Crescent Hill, the property currently enjoys 100% occupancy with a mixture of office, retail and residential tenants.

    The property consists of two buildings and has been substantially upgraded over the past 8 years with new roofs, gutters, windows, siding, and countless interior and mechanical upgrades. An investor will enjoy the steady rental history, and appreciation as strong as anywhere in the market with the intrinsic value of the real estate. This is also an excellent opportunity for an owner-user to use space and enjoy rental income from tenants. Price well below replacement costs, a purchaser can take advantage of historically low interest rates in a long-term, A + location.

    The property offers abundant parking and caters to a high-demand tenant in the market- quality businesses with smaller space needs.

    >100% leased with mixed-use tenancy; upward mobility in rents

    >Highest of quality location; offered well below replacement cost

    >Major capital upgrades and well-maintained

    *Property also includes address of 103-105 Crescent Avenue. Please do not disturb tenants.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Louisville History of Office Space for Sale

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    Louisville Area Market Trends

    Listing Demographics for 2915 Frankfort Avenue Louisville, KY 40206

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population12,03186,673244,296
    Population Median Age414140
    Population by Age0-9 Yrs1237 (10%)8687 (10%)25473 (10%)
    10-19 Yrs1189 (9%)8352 (9%)24275 (9%)
    20-29 Yrs1938 (16%)13355 (15%)41028 (16%)
    30-39 Yrs1728 (14%)13326 (15%)37435 (15%)
    40-49 Yrs1471 (12%)10698 (12%)27826 (11%)
    50-59 Yrs1317 (10%)10746 (12%)31314 (12%)
    60-69 Yrs1702 (14%)11406 (13%)30255 (12%)
    70+ Yrs1450 (12%)10102 (11%)26690 (10%)
    Median HH Income$58,058$67,554$55,361
    Total Household Income< 24K1044 (18%)6244 (15%)23940 (22%)
    25-49K1469 (25%)8774 (21%)25282 (23%)
    50-74K895 (15%)6750 (16%)19008 (17%)
    75-99K574 (10%)4900 (12%)12774 (11%)
    100-199K1129 (19%)9000 (22%)19846 (18%)
    200K+556 (9%)4281 (10%)6981 (6%)
    Highest Education LevelNo Diploma296237513498
    Diploma or GED1119863737582
    Some College13471140837610
    Assoc. Degree460378712575
    Bachelors Degree29022008842916
    Higher Degree25791784332250
    Total Housing Units6,10543,745120,623
    --Owner-Occupied3,19025,00059,509
    --Renter-Occupied2,47714,94948,322
    Owner-Occupied Values< 100K14216568619
    100-199K862598321585
    200-299K795686213584
    300-399K53345857203
    400-499K25422303335
    500K+60536845183
    Total Working Age Population10,10173,299205,489
    In Work Force6,97150,644133,763
    Not In Work Force3,13022,65571,726
    Workforce Employed6,73148,859127,014
    Workforce Unemployed2341,7306,570
    Civlian Workforce6,96550,589133,584
    Military Workforce656179
    Total Households5,66639,949107,831
    Family Households2,67820,24752,854
    Non-Family Households2,98819,70254,977
    Married Couple1,98215,92537,524
    Other Family6964,32115,330
    Married w/Child7185,65212,644
    Single Male w/Child1165441,846
    Single Female w/Child2771,5856,214

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Indiana6,080,485+76,483,802+46,738,573+47,014,880
    Clark County96,472+14110,232+9119,944+8129,070
    Floyd County70,823+574,578+678,826+381,345
    Kentucky4,041,769+74,339,367+44,533,464+44,726,382
    Jefferson County693,604+7741,096+7790,010+6837,477
    Oldham County46,178+3160,316+1569,419+1881,831

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 2915 Frankfort Avenue in Louisville?
    The asking price for 2915 Frankfort Avenue is $1,850,000
    What is the building size of this Office property in Louisville, KY?
    The size of the building/unit at 2915 Frankfort Avenue in Louisville is 18,038 square feet
    How much land does the Louisville, KY property at 2915 Frankfort Avenue include?
    2915 Frankfort Avenue in Louisville includes 1.500 acres of land
    What kind of Office is the propery at 2915 Frankfort Avenue?
    The property at 2915 Frankfort Avenue Louisville, KY 40206 is listed as a Professional Office property
    What is the population within 1 mile of 2915 Frankfort Avenue in Louisville?
    The population within 1 mile of 2915 Frankfort Avenue Louisville, KY 40206 is 12,031 people.
    Who do I contact for questions about 2915 Frankfort Avenue?
    You should contact the listing agent, Reed Weinberg, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Louisville Muhammad Ali International Airport (SDF) 6
    Blue Grass Airport (LEX) 61
    Cincinnati Northern Kentucky International Airport (CVG) 78