Highly Visible Income Producing Property

Retail-Commercial for Sale
Catylist Listing ID: 30126739
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 17,696 SF
Gross Building Area: See Agent
Gross Land Area: 1.40 Acres
Sale Price: $585,000
Unit Price: $33.06 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/14/2017

Overview / Comments

Property is located directly across form where Palatka dead ends into Manslick and St. Andrews Church Rd. KIPTA has a 13,900 daily traffic count on Palaka and a 18,100 daily traffic count on St. Andrews Church Rd. There are 3 retail tenant spaces on the first floor. The two larger spaces are leased and one smaller space is vacant. There is plenty of storage to the rear of the spaces and a small 672 sq. ft. utility shed to the rear of the property. There are 4 apartments on the second floor with one current vacancy. The property is priced below the pva assessed value and the owner might consider owner financing with a large down payment.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 116800630000
Zoning: C-1 - Commercial District
Retail Clientele: General
Tenancy: Multiple Tenants
Parking Description: Adequate for use.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,408 105,621 214,876
Median Age: 38.71 37.39 37.09
Households: 3,389 43,145 86,963

Contact

Photograph of Listing Agent

Hack A Marshall

Seay Properties KCREA Member

Source

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