The Boland Maloney Lumber Yard just east of Campbell Street between Main Street and Washington Street is still on the market after closing up shop and consolidating in the suburbs. The property represents a significant opportunity for Butchertown as the property sits at the confluence of eastern half of Butchertown (near Frankfort Avenue & Spring Streets), the western half (closer to downtown), and Nulu to the south.
The 1.3 acre parcel fronts both a major thoroughfare and a quiet neighborhood street and is a bargain at just over $1.5 million. We find it slightly strange this property lasted this long on the market already.
There has apparently been strong interest in the former lumber yard from both speculative buyers (those who would redevelop the property) and industrial users (does Butchertown ever need more industry…) but according to Commercial Kentucky, a sale is not imminent. There was reluctance (of course) to admit it might take a while to sell, especially in the economic situation we are in, but this is a speculative goldmine for the area growing up all around it. We’ll see how long this one lasts, but it may be a while…
