2516 Northwestern Pkwy

Description

*Seller is motivated, bring all offers* Opportunity Zone and Historic Tax Credit potential! Welcome to the Historic Portland Tavern Building - A property with a rich history in the heart of Louisville, KY. This historic building, originally the Portland Grocery/Tavern, offers a unique opportunity for investors, entrepreneurs, or those with a passion for preserving history. Property Details: Address: 2516 Northwestern Parkway, Louisville, KY 40212 Zoning: C-R (Commercial-Residential) Property Type: Duplex Historic Tax Credits: Yes Opportunity Zone: Yes Potential Uses: Short Term Rentals, Long Term Rentals, Pub or Tavern Concept Please review the drawings and floor plan schematics designed to bring the space back to life as a tavern with upstairs STR units! Historical Charm: The soul of this property lies in its history. The limestone threshold at the front of the property, worn with a unique pattern from years of foot traffic entering and exiting the Tavern, tells a story of Louisville's past. Owning this property means becoming a steward of the city's heritage. Current Condition: While the property's current condition is in need of some TLC, it remains livable. This presents an excellent opportunity for both investors and owner-occupants who are willing to live on-site while undertaking the necessary renovations. The potential for restoration and revitalization is boundless. Investment Potential: Whether you envision transforming this space into a vibrant short-term rental, a cozy long-term rental, or reviving it as a pub or tavern, the versatile C-R zoning opens the door to numerous possibilities. With a touch of creativity and a commitment to preserving history, this property can once again become a thriving establishment in Louisville's vibrant community. Don't miss out on this chance to own a piece of Louisville's history and contribute to its future.