Prospect KY Multi Family for Sale

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Type:
Apartment
Sq.Ft.:
2,544
Status:
Active
Beds:
n/a
Lot size:
0.11 Acres
Year built:
2015
Baths:
MLS#:
1660902
Subdivision:
Norton Commons

ADDITIONAL INFORMATION

Two Live/Work Buildings are for Sale as an Investment property or for an owner/user. Zoned commercial first floor with signature store fronts and rear private entrances. PLUS, two second floor apartments with attached garages. Located in Norton Commons South Village Town Center, Louisville's Traditional Town Development. Desirable and highly sought after development. Multi-use product and long-term flexibility, mixed use commercial and residential. Centrally Located between Springhurst, Jefferson County and Crestwood, Oldham County. Commercial ground-floor is ideal for medical or professional office or even a showroom/studio. A+ area. Stable leasing history. PROPERTY TYPE: Retail, Multifamily, Office, Mixed Use PROPERTY SUBTYPE: Creative Office, Executive Office, Traditional Office. ***THE MLS ROOM REMARKS ARE FOR ONLY ONE APARTMENT. AND BRIEF COMMERCIAL *** COMMERCIAL: Each Building has 1,272 SF of finished commercial space, total 2,755 RSF/USF, 12-14' ceilings with drop down and sound panels. Currently combined as one for existing lease holder (one business) open concept. Built with flexibility to use as 1 space or 2 spaces. Real Estate Taxes, Insurance/CAM/ Dumpster: Tenant to pay the prorated share of expenses. APARTMENT/CONDO: 2 Rental Units: apartment/condo. Open concept with 2bd/2ba/1,272 SF Combined total 2,544 SF, 10' ceilings, luxury appointments meeting the standards of the neighborhood, 1 car 316sqft, attached garage for each unit and private rear entrance with parking lot in rear and on street parking in front on Meeting Street. Similar units rent compare $2300 -3100/mo and attached garages are very hard to find. BUILDING DESCRIPTION: Approximately 5,300 S. F. of rare, stand-alone building. The building is positioned with East-West exposure situated alongside professional businesses and coffee shop, across from retirement community and 3 story apartment building on Meeting Street between Norton Commons Blvd and Delphinium St. One block south from the Town Center. Large sidewalk frontage and public access to main parking lot. Note: Each building is deeded separately, and apartments cannot be sold off as condos. Short-term rentals/VRBO's are allowed. LOT: Each lot is 100.84 X 24.01 COMMENTS: Similar to The Waters in Pikes Road, Alabama with much more activity and the Watercolor/Cinnamon Shores type of developments. Norton Commons development concept is designed by the Seaside FL's world-renowned architect firm of DPZ CoDesign. Principals of Andres Duany and Elizabeth Plater-Zyberk designed similar and successful developments throughout the country and worldwide. https://www.dpz.com/projects/norton-commons/ Call listing agent for lease details and disclosures. Shown by appointment only. Tenant's Signage: on the front of the premises. Maintain and repair in a first-class manner. HVAC maintained with a service contract. LISTED TO SELL AS DOUBLE BUILDINGS; Call to discuss purchasing individual building MLS #1668307. BUILDINGS ARE IDEAL FOR OWNER OCCUPANT. BUILDING IS CURRENTLY OCCUPIED.

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Andrea Conner, License 221773, Xome Inc., License 239054, [email protected], 844-400-XOME (9663), 1795 Alysheba Way Suite 1202 Lexington, KY 40509


The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Xome are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 Metro Search Multiple Listing Service. All rights reserved.



Prospect Real Estate

The median home value in Prospect, KY is $680,000. This is higher than the county median home value of $227,100. The national median home value is $338,100. The average price of homes sold in Prospect, KY is $680,000. Approximately 86.91% of Prospect homes are owned, compared to 5.37% rented, while 7.73% are vacant. Prospect real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Prospect real estate agent to arrange a tour today!

Prospect, Kentucky has a population of 4,653. Prospect is less family-centric than the surrounding county with 20.56% of the households containing married families with children. The county average for households married with children is 26.68%.

The median household income in Prospect, Kentucky is $160,960. The median household income for the surrounding county is $61,633 compared to the national median of $69,021. The median age of people living in Prospect is 57.5 years.

Prospect Weather

The average high temperature in July is 87.8 degrees, with an average low temperature in January of 25.1 degrees. The average rainfall is approximately 46.3 inches per year, with 10.9 inches of snow per year.

Prospect Real Estate Market Conditions

  • Median sales price

    $680,000
    14% change since last quarter
  • # Active listings

    101
    30-day change

Prospect Schools and Demographics

Education near Prospect, KY

Metric City County
High School Graduates 99.54 91.25
College Degree - 2 year 3.25 8.13
College Degree - 4 year 71.72 34.99
Graduate Degree 18.58 9.98
Expenditures per Student 15,618 15,618
Students per Teacher 15.2 15.2

Elementary Schools near Prospect, KY

School Grades Students P/T Ratio ZIP
Bowen Elementary School KG - 05 707 17.9 40242
Chancey Elementary School PK - 05 716 17.8 40241
Goshen At Hillcrest Elementary School KG - 05 656 19.9 40059
Harmony Elementary School KG - 05 633 17.7 40026
Jaeger Preschool PK - PK 107 35.7 40222
Lowe Elementary School KG - 05 607 19.2 40222
Norton Elementary School PK - 05 729 18.6 40241
Wilder Elementary School PK - 05 571 19.7 40222
Zachary Taylor Elementary School PK - 05 516 17.1 40241

Middle Schools near Prospect, KY

School Grades Students P/T Ratio ZIP
Kammerer Middle School 06 - 08 942 17.7 40222
North Oldham Middle School 06 - 08 793 19 40026
Westport Middle School 06 - 08 1,126 15.7 40242

High Schools near Prospect, KY

School Grades Students P/T Ratio ZIP
Ballard High School 09 - 12 1,979 19.3 40222
North Oldham High School 09 - 12 1,039 19.9 40026

Ungraded Schools near Prospect, KY

School Grades Students P/T Ratio ZIP
* Audubon Youth Development Center 09 - 12 23 3.8 40242
* Louisville Day Treatment 09 - 12 32 6.7 40242
* The Brook-KMI 07 - 12 44 5.9 40242
* Westport TAPP 09 - 12 163 9.8 40242

Demographics near Prospect, KY

Metric City County
Neighborhood Type Small town
Population 4,653 780,449
Population Density 1,214 2,050
Median Age 57.5 38.4
People per Household 2.4 2.4
Median Household Income 160,960 61,633
Average Income per Capita 95,767 36,533