Executive Summary

For Sale | 231 East Main Street | Louisville, KY

EXECUTIVE SUMMARY

Historic Main Street Downtown Louisville Opportunity Zone 7400 S. Park Place, Louisville, KY 40222 | (502) 821-6738 | [email protected] 231 E Main | EXECUTIVE SUMMARY

CONFIDENTIALITY AGREEMENT & DISCLAIMER

The information contained in the following Executive Summary (“ES”) is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Column Realty and should not be made available to any other person or entity without the written consent of Column Realty. The ES has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.. The information contained herein is not a substitute for a thorough due diligence investigation. Column Realty has not made any investigation and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, presence of lead based paint, the compliance with State and Federal regulations the physical condition of the improvements thereon, or the financial condition of business prospects of any tenant, or any tenants plans or the intentions to continue its occupancy of the subject property. The information contained in this ES has been obtained from sources we believe to be reliable however Column Realty has not verified and will not verify any of the information contained herein nor has Column Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Column Realty is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identify this ES. The presence of any corporations logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said Corporation of Column Realty, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Column Realty, and is solely included for the purpose of providing tenant lease information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY PLEASE CONSULT COLUMN REALTY FOR MORE DETAILS 231 E Main | EXECUTIVE SUMMARY

OFFERING SUMMARY –

Column Realty is pleased to present 231 East Main Street (“231”), a located in the Downtown Louisville Opportunity Zone. Formerly known as the Louisville Grocery Company Building, the structure is ideally located near several tourist attractions including Louisville Waterfront Park, multiple new Bourbon Distilleries, Louisville Slugger Field and KFC YUM! Center. Further Proximity to Corporate Headquarters including Humana, LG&E and Atria make 231 E Main a wonderful redevelopment target. 231 E Main | EXECUTIVE SUMMARY

Site Details

➢ .29 Acres

➢ 20 Parking Spaces

➢ Zoned Commercial C-3 ➢ The C-3 Commercial Zone is intended as a specialized district for the Central Business District (CBD). The C-3 Zone is intended for high density/intensity commercial and residential developments recognizing the CBD as the focal point of business, commercial area, and transportation facilities. The is NO Maximum Floor Area Ratio (FAR) and a Maximum of 435 dwelling per acre.

➢ 34,160 SF Above Grade | 5 Floors (per Jefferson County, KY PVA)

➢ 6,832 SF Basement Area (per Jefferson County, KY PVA)

➢ Concrete Foundation | Masonry Walls

➢ Post & Beam Structural System. 3 Columns Wide and 7 Columns Deep.

➢ All Hardwood Flooring except the basement which is concrete.

➢ Ceilings – Exposed Rafters

➢ 100% Vacant - All Floors are Open in their configuration except for a small area on Floor 2. 231 E Main | EXECUTIVE SUMMARY

Lou City FC Stadium Butchertown | NULU Louisville Waterfront Park

KY International Convention Center

Louisville City Hall

Major Nearby Entertainment and Employment

➢ Humana Headquarters ➢ Waystar (formerly ZirMed) ➢ Hilliard Lyons ➢ Medical District (UofL Hospital & Norton Healthcare) ➢ Bourbon Distilleries: Angels Envy, Old Forester, Michter’s and Peerless. ➢ KFC YUM! Center (home for Univ of Louisville Basketball) ➢ Louisville City FC Soccer Stadium – Opening 2020 ➢ Louisville Slugger Field (home of Cincinnati Reds AAA affiliate) ➢ Kentucky International Convention Center ➢ Kentucky Center for the Arts ➢ Muhammad Ali Center, Kentucky Science Center, Louisville Slugger Museum 231 E Main | EXECUTIVE SUMMARY

Main Street Growth MILLIONS Of Visitors Surround 231 E Main

1 Million New $27M Visitors in Louisville Distillery, 60k 2019 World HQ annual visitors Opening 2020

New $45M Louisville Distillery Waterfront Park

Over 1.5M visitors/YR Over 13,000 Seats 231 E Main | EXECUTIVE SUMMARY

Louisville Overview Louisville is witnessing tremendous growth both City Wide and Downtown.

Louisville’s best-known sporting event is the annual Kentucky Derby at Churchill Downs. However, the immediate area surrounding 231 E Main is quickly becoming the HUB of sports entertainment in Louisville with the KFC YUM! Center, Louisville Slugger Field, and the newly built Louisville City FC Soccer Stadium. 231 E Main | EXECUTIVE SUMMARY

LOUISVILLE Overview Metro Highlights

Centralized Location Louisville metro is composed of Indiana’s Approximately 60% of US cities are Harrison, Washington, Clark, Floyd and Scott within a one-day drive of the metro, counties, as well as Kentucky’s Jefferson, providing access to large economic Spencer, Oldham, Trimble, Shelby, Bullitt and centers. Henry counties. Louisville, in Kentucky is the region's most populous city with more than 618,000 citizens, followed by Jeffersonville, Major Distribution Center Indiana which has 47,000 residents. The Ohio Louisville’s strategic geographic River cuts through the region and was an placement has made it a hub for the logistics and distribution industries. important player in the region's development. Balanced Economy Louisville boasts a well-diversified economy focused on advanced manufacturing, logistics, life sciences and healthcare, among other industry sectors.

Tourism Louisville’s Bourbon scene has exploded over the past 10 years. Downtown alone has witnessed 5 new distilleries recently drawing huge tourism dollars to the metro.

Key Demographics *

✓ 1.3M Metro Population

✓ 518K Metro Households

✓ 38.9 Median Age

* Bureau of Economic Analysis, Moody’s Analytics, US Census Bureau 231 E Main | EXECUTIVE SUMMARY

Louisville’s Opportunity Zone Geography

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Urban Growth Urban

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Bourbonism “ 231 E Main | EXECUTIVE SUMMARY

Site Photos 231 E Main | EXECUTIVE SUMMARY

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Rear 231 E Main | EXECUTIVE SUMMARY

Pricing |Inquires | Tours

CALL FOR PRICING

Aaron Willis Principal Broker 502.821.6738 [email protected]

Column Realty | 4050 Westport Road, Louisville, KY 40207 | 502.821.6738