Flex For Sale
140,000 Sq Ft
Located just 1.5 blocks from the Central Business District, this multi-level circa-1898 building is primed and ready to be redeveloped. The property offers a meaningful short-term rent roll allowing for a value opportunity to stabilize the current investment or flexibility in assuming the cash flow position while preparing the property for redevelopment. The building consists of 137,952 total SF, 20,694 of which is Lower Level with windows offering natural light.
The owner has maintained the building very well and has spent over $300k in repairs, replacements and maintenance items on the property in the last 10 years. The building is currently 100% heated and roughly 33% air conditioned. There are 3 freight elevators and 4 separate electrical services ((3) 600 amp, (1) 400 amp). Slightly visible to I-65, the site is accessible by South Floyd Street, a 2-way 2-lane street or by alley from South Preston Street. The surrounding neighborhoods include Smoketown, Phoenix Hill and Germantown.