Catylist ID:
#30854379
Unique Redevelopment & Value-Add Opportunity in Lyndon
Industrial
for Sale
| Catylist Listing ID: | 30854379 |
| Property Subtypes: | Flex Space, Free-Standing, Mixed Use |
| Building Size (RSF): | 16,260 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 1.17 Acres |
| Sale Price: | $1,750,000 |
| Unit Price: | $107.63 PSF |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Average Occupancy Rate: | 90 |
| Last Updated: | 5/6/2024 |
Overview / Comments
|
Located in the heart of the Lyndon neighborhood, a unique opportunity for owner operators, investors, and value-add developers. Zoned M2 on 1.17 acres, this property features a variety of 9 cash-flow buildings, totaling 16,260 rentable square feet (RSF). This area of Louisville is a hub for shopping, restaurants, living, and numerous local businesses. ADT for Lyndon Lane: 12,641 (2017) Building Breakdown: See Gallery Image Currently, only one storage garage is vacant. Disclaimer: This information has been obtained from reliable sources. Broker has no reason to doubt its accuracy but it may contain errors or omissions. Broker makes no representation, warranties or guarantees with respect to this information and Buyer should review all of it. |
Attachments & Media
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Taxing Authority: | Jefferson Co & City of Lyndon |
| Tax ID/APN: | 002103690000 |
| Zoning: | M-2 - Industrial District |
| Property Located Between: | Shelbyville Rd & Westport Rd. |
| Highway Access: | Located off I-264, between Shelbyville & Westport Rd. |
| Airports: | 14 minutes from SDF - Louisville Intl. Airport |
| Site Description: | Located at the intersection of Lyndon Ln and Old Lagrange Rd. |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 9 |
| Property Condition: | Fair |
| Roof Type: | Other |
| Construction/Siding: | Other |
| Parking Type: | Surface |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Window Unit |
| Zoning Description: | Zoned M-2, this property provides for a variety of uses under the Louisville Development Code. |
| Lot Frontage: | 145' on Lyndon Lane |
| Lot Depth: | 271' on Vine Crest Ave, 282' on the Railroad |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Ingress/Egress, Other |
| Easements Description: | There is a billboard on-site and paying rent to the owner. |
| Legal Description: | BEGINNING in the Northwest Line of Vinecrest Avenue at a point North 46 degrees 33 minutes Bast 818.48 feet from the most Southerly corner of Lot #1 of 9-3/4 acres being assigned to L.F Sission in Suit No. 10558, Louisville Chancery Court, thence along the Southeast line of said Lot 1 and the sure extended, North 45 degrees 33 minutes East 300 feet to a bott in the Southwest Line of Lyndon Lane as improved 40 feet wide; thence with said line of Lyndon Lane, Nord 44 degrees 46 minutes West 142.33 feet to a pipe in the South Easterly right of way line of the Louisville and Nashville Railroad: thence with said right of way line and being 33 feet Southcast of and parallel to the center line of said right of way, South 65 degrees 35 minutes West 313.79 feet to a pipe, thence South 43 degrees 27 minutes East 244.5 feet to the point of beginning. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 13,756 | 97,816 | 232,139 |
| Median Age: | 37.18 | 41.81 | 40.99 |
| Households: | 6,505 | 44,239 | 102,711 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions. |
