1701 Central Ave | Ashland, KY 41101
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- LoopNet Team
1701 Central Ave
Ashland, KY 41101
Proposed 72 units Multifamily with Commercial · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Iconic glass façade office facility located in the Metro Triangle and primed for redevelopment.
- Annual multifamily rent growth in the Submarket has experienced heathy expansion with a tallied 2.1% annual growth.
- 1701 Central Avenue is surrounded by national retailers, including Kroger, Goodwill, Wendy’s, so many more.
- 1701 Central Avenue can be repurposed into multifamily and offers new owner tax incentives due to its placement within an Opportunity Zone.
- The Park Place Building is the premier office complex in Ashland Kentucky, which is on the verge of rapid growth, due to its vibrant community.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Office/Residential
Building Size
108,000 SF
Building Class
C
Year Built
1978
Percent Leased
Vacant
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
21,600 SF
Slab To Slab
12’
Building FAR
2.21
Lot Size
1.12 AC
Zoning
B-3 - Downtown Business District
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Kitchen
ZONING
| Zoning Code | B-3 (Downtown Business District) |
| B-3 (Downtown Business District) |
PROPERTY TAXES
| Parcel Number | 030-16-05-001.00 | Improvements Assessment | $1,302,100 |
| Land Assessment | $197,900 | Total Assessment | $1,500,000 |
PROPERTY TAXES
Parcel Number
030-16-05-001.00
Land Assessment
$197,900
Improvements Assessment
$1,302,100
Total Assessment
$1,500,000
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