Expect the Coca-Cola Co. bottling and distribution facility in Park Hill to bubble with activity now that the property is under new ownership.
Businessman Chip Ridge confirmed to Insider that he and his partners bought the 13-acre industrial property for $1.2 million. The property, located at 1661 W. Hill St., hit the auction block in late September with Gant Hill & Associates representing the seller Coca-Cola Bottling Co. Consolidated.
Ridge and Jason Kron are co-owners of a Zippy Shell franchise in greater Louisville. Zippy Shell, a moving and self-storage company, will consolidate its operations at the former Coca-Cola site. It currently has warehouses in the Portland neighborhood and near the airport.
“This space, because of its size and location, is a good spot to consolidate,” Ridge told Insider, adding that Zippy Shell will only occupy about 60,000 square feet of the warehouse.
The three buildings on the property, which is a mixture of warehouse space and offices, total 318,000 square feet. Ridge said he and his partners were in talks with companies that might rent space from them.
“We’ve got two or three users, and our focus is to get them confirmed and get the space ready for them,” he said, declining to say who might take up square footage at the facility. Even if all sign lease agreements, however, Ridge said there’d still be room for a couple of other users as well.
Ridge noted that despite sitting vacant for a couple of years, the building wouldn’t need much renovation beyond dividing different spaces.
“The actual structure itself is in very good condition,” he said, estimating that the cost will range from $250,000 to $500,000.
The partners are in contact with the city to see what they can and cannot do at the property. Ridge mentioned looking into adding solar panels to a rooftop parking lot on the property or offering the old Art Deco office space to nonprofits for workforce redevelopment and training.