The asking price for Baxter Station Bar & Grill is $550,000, according to two anonymous sources who've spoken with the shuttered restaurant's real estate agent.
When reached via phone last week, before Eater knew the price, the eponymous owner of Mark McCulloch Realtors refused to divulge Baxter Station's asking price. "I don't know if I really want that out there in the public," McCulloch said. McCulloch added Baxter Station was a controlled listing, meaning information about the property is not available to the general public. Baxter Station is not listed in the MLS (the multiple listing service, which many agents use to advertise and search for properties).
Two people involved in the restaurant industry who've been in contact with McCulloch told Eater Louisville the asking price was $550,000.
A message was left for McCulloch at 11:37 a.m. today asking him to confirm the figure. This article will be updated should he respond.
"He's selling the property, everything," McCulloch said last week, elaborating that "everything" means the property, build and its contents. "That property goes all the way back to the alley, seats 100 people. Somebody's going to get a heck of a deal," McCulloch said.
In an attempt to put that asking price in some kind of perspective, Meat's owner Payton Ray paid $525,000 in May for the Butchertown building that houses his temporarily shuttered bar and the Blind Pig gastropub (contents not included, of course).
In August, the Commonwealth of Kentucky closed the restaurant for unpaid taxes, which the Louisville Courier-Journal reported totaled $95,859.02. In July, the Louisville Metro Department of Public Health & Wellness closed the restaurant for three days after it received three straight C health inspection grades.
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[Photo: Zach Everson]