Dixie Hwy Investment Property
Retail-Commercial
for Sale
| Catylist Listing ID: |
30871574 |
| Property Subtypes: |
Car Wash, Garden Center, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
|
| Building Size (RSF): |
6,839 SF
|
| Gross Land Area: |
2.50 Acres
|
| Sale Price: |
$1,299,000 |
| Unit Price: |
$189.94 PSF |
| Property Use Type: |
Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/20/2024 |
Overview / Comments
Investors and Developers LOOK! Per PVA approximately 2.5 acres of prime commercial property, zoned C-2, on Dixie Highway with great visibility, and 25,000 vehicles per day traffic counts! Good access with 2 ingress/egress road cuts, over 260 feet of frontage, 380 feet of depth, flat, rectangle shaped. Near intersection and across Dixie from Meijer Grocery/Department Store.
Currently, property includes 2 improved buildings, 100 percent occupied with month to month tenants ,that could continue to generate income while completing due diligence. Currently at $54,000 gross rentals/ year. However; The real value is in the LAND! Buyer will need to provide a district development plan once use is determined with Louisville Planning and Zoning.
This could be an incredible addition to your real estate portfolio! Rarely does this much land become available on Dixie Highway, don't miss out on this opportunity!
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
104700220000 |
| Zoning: |
C-2 - Commercial District |
| Retail Clientele: |
General, Family, Business, Traveler, Other |
| Property Located Between: |
Ponder Lane and Citation Road |
| Property Visibility: |
Good |
| Largest Nearby Street: |
Dixie Hwy (31W) |
| Feet of Frontage: |
268 |
| Traffic/Vehicle Count: |
24,000 |
| Highway Access: |
Minutes to (I-265) |
| Airports: |
15 Minutes to Louisville Muhammad Ali International Airport |
| Site Description: |
Nice level tract located across Dixie Hwy from Meijer and by residential housing. |
| Area Description: |
Property is located along the Dixie Hwy retail corridor with Meijer Grocery/Dept Store located across Dixie from this property. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
3,400 SF |
| Property Condition: |
Good |
| Year Renovated: |
2022 |
| Roof Type: |
Arched |
| Construction/Siding: |
Brick |
| Exterior Description: |
Two free standing all brick buildings. Building 1 is a church, building 2 is a house; but could be used as church offices, or classrooms. |
| Total Parking Spaces: |
38 |
| Parking Type: |
Surface |
| Parking Description: |
Current parking lots are paved, but land allows for additional parking if needed. |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Interior Description: |
Church / house |
| Zoning Description: |
Flexible general retail/ commercial |
| Lot Frontage: |
268 |
| Lot Depth: |
383 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,969 |
59,362 |
124,107 |
| Median Age: |
39.21 |
38.49 |
38.23 |
| Households: |
5,422 |
23,137 |
49,291 |
|
© 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.
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