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Bluegrass Avenue Medical Plaza 1700 Old Bluegrass Ave

22,242 SF Vacant Office Building Louisville, KY 40215 $2,500,000 ($112/SF) 6.12% Cap Rate

Executive Summary

Here is a great opportunity to own a medical building across the street from UL Hospital (formerly St. Mary's Elizabeth). The building has great visibility and potential for building signage. It also features all new mechanicals, elevator, roof, and updated lobbies and entrances. Please call for additional information.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
22,242 SF
Building Class
B
Year Built
1998
Price
$2,500,000
Price Per SF
$112
Cap Rate
6.12%
NOI
$153,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
5,561 SF
Slab To Slab
12’
Building FAR
0.35
Lot Size
1.44 AC
Zoning
C-N - Neighborhood Commercial District
Parking
90 Spaces (4.23 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste LL
  • 3,027 SF
  • Office/Medical
  • -
  • Now

The covered, drive-through entrance provides safe and convenient drop-off and pick-up of patients/guests, and the elevator makes getting to the office space effortless. There is PLENTY of parking, with 90 spaces in all. The lower level offers an existing Lead Room for x-rays and multiple offices/exam rooms.

  • 2nd Fl-Ste 200
  • 4,712 SF
  • Office/Medical
  • -
  • Now

The entire second floor, (4,712 square feet) is available in this very distinctive, unique building, directly across from the old Sts. Mary & Elizabeth Hospital. Available at $17 @ sf., the space is presently laid out for medical use, with 17 exam rooms, and multiple waiting and reception areas. However, the space could be easily re-configured to meet the new tenant's needs, whether medical or not. Availability of office space in this area is limited, and this is available immediately.

  • 3rd Fl-Ste 300
  • 5,492 SF
  • Office
  • -
  • Now

Looking for a medical suite that is strategically located near UofL/St. Mary's Hospital? We are pleased to present spaces ranging from 2,500-5,492 SF in the Bluegrass Medical Plaza. With its prime location and impressive features, these suites are perfect for healthcare professionals who want to provide their patients with top-notch care. New ownership has updated many features of the property. Please contact the listing agents for further details.

  • 4th Fl-Ste 400
  • 2,500-5,492 SF
  • Office
  • -
  • Now

Looking for a medical suite that is strategically located near UofL/St. Mary's Hospital? We are pleased to present spaces ranging from 2,500-5,492 SF in the Bluegrass Medical Plaza. With its prime location and impressive features, these suites are perfect for healthcare professionals who want to provide their patients with top-notch care. New ownership has updated many features of the property. Please contact the listing agents for further details.

Space Size Space Use Condition Available
1st Fl-Ste LL 3,027 SF Office/Medical - Now
2nd Fl-Ste 200 4,712 SF Office/Medical - Now
3rd Fl-Ste 300 5,492 SF Office - Now
4th Fl-Ste 400 2,500-5,492 SF Office - Now

1st Fl-Ste LL

Size
3,027 SF
Space Use
Office/Medical
Condition
-
Available
Now

2nd Fl-Ste 200

Size
4,712 SF
Space Use
Office/Medical
Condition
-
Available
Now

3rd Fl-Ste 300

Size
5,492 SF
Space Use
Office
Condition
-
Available
Now

4th Fl-Ste 400

Size
2,500-5,492 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste LL

Size 3,027 SF
Space Use Office/Medical
Condition -
Available Now

The covered, drive-through entrance provides safe and convenient drop-off and pick-up of patients/guests, and the elevator makes getting to the office space effortless. There is PLENTY of parking, with 90 spaces in all. The lower level offers an existing Lead Room for x-rays and multiple offices/exam rooms.

2nd Fl-Ste 200

Size 4,712 SF
Space Use Office/Medical
Condition -
Available Now

The entire second floor, (4,712 square feet) is available in this very distinctive, unique building, directly across from the old Sts. Mary & Elizabeth Hospital. Available at $17 @ sf., the space is presently laid out for medical use, with 17 exam rooms, and multiple waiting and reception areas. However, the space could be easily re-configured to meet the new tenant's needs, whether medical or not. Availability of office space in this area is limited, and this is available immediately.

3rd Fl-Ste 300

Size 5,492 SF
Space Use Office
Condition -
Available Now

Looking for a medical suite that is strategically located near UofL/St. Mary's Hospital? We are pleased to present spaces ranging from 2,500-5,492 SF in the Bluegrass Medical Plaza. With its prime location and impressive features, these suites are perfect for healthcare professionals who want to provide their patients with top-notch care. New ownership has updated many features of the property. Please contact the listing agents for further details.

4th Fl-Ste 400

Size 2,500-5,492 SF
Space Use Office
Condition -
Available Now

Looking for a medical suite that is strategically located near UofL/St. Mary's Hospital? We are pleased to present spaces ranging from 2,500-5,492 SF in the Bluegrass Medical Plaza. With its prime location and impressive features, these suites are perfect for healthcare professionals who want to provide their patients with top-notch care. New ownership has updated many features of the property. Please contact the listing agents for further details.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
067H00030000
Land Assessment
$289,080
Improvements Assessment
$1,240,920
Total Assessment
$1,530,000
  • Listing ID: 33287256

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 1700 Old Bluegrass Ave, Louisville, KY 40215

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