Multifamily Property for Sale in Louisville, KY

  • Price: $9.9M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Louisville, KY 40213

Description

Redevelopment Investment Opportunity - Louisville, KY CBRE has been retained as the exclusive representative to offer Gardiner Point, a 142,754 SF 257-room building on 5.29 acres with 341 parking spaces located at 4004 Gardiner Point Drive in Louisville, KY, (the “Property”) for sale to qualified buyers. The building was built in 1965 as the Colonel Sanders Inn adjacent to the KFC/YUM campus, and was expanded, renovated and converted into a residence hall for Sullivan University in 2010. The building is also equipped with a complete commercial kitchen and restaurant space which would be beneficial for an assisted living use or behavioral/addiction treatment facility. The central location would be appealing to staff, patients and their families coming from within the Louisville market or commuting to the facility. There is also a shortage of affordable housing throughout the city, which could be addressed with this project. In addition, the close proximity to student populations for Sullivan University, Bellarmine University and the University of Louisville and healthcare workers for the downtown medical center and the St. Matthews medical district could represent potential tenants for a multi-family conversion.

Market Context

This multifamily in Louisville, KY is listed for sale at $9,950,000. It has been on the market for 163 days. Compare it against other multifamily listings for sale in Louisville, KY — <a href="/search/sale/multifamily/kentucky/louisville">view the full market</a>.

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