Great Income Producer or Owner Occupant Building

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30152154
Property Subtypes: Executive Suites, Governmental, Medical, Flex Space, Office Building
Status: Pending/Contingent
Building Size (RSF): 5,670 SF
Gross Land Area: 0.89 Acres
Sale Price: $425,000
Unit Price: $74.96 PSF
Property Use Type: Investment, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/16/2017

Overview / Comments

Excellent office building opportunity in a high traffic corridor of West Highway 22 in Crestwood. This building is currently fully leased. The seller uses one unit and will vacate upon the sale. This building has endless potential. The building was constructed as a free span building, so endless possibilities for future renovation. This is a 2 story building both levels have walk in access. Front and Rear Parking Lots. Currently one user leases the lower level unit, and upstairs has 4 tenants. The building is designed to accommodate up to 8 units. This is zoned R-4. The building is ideal for an owner occupant who can use the building and enjoy the cash flow. Currently the building has a church, dentist, counselor, and an energy audit company as tenants. Many updates have recently been made. The building has all new windows, half of the roof has been replaced, both parking lots have been repaved. The lower level unit has been completely remodeled.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Oldham
Zoning: R-4 - Residential District
Property Visibility: Excellent
Highway Access: Within 2.5 miles of I-71 at exit 14, or the Gene Snyder within 5 miles from Pewee Valley or Brownsboro Rd.
Site Description: Level.
Area Description: Office and professional park.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,835 SF
Year Built: 1981
Year Renovated: 2015
Roof Type: Mansard
Construction/Siding: Brick
Exterior Description: Brick exterior. 4 entry doors on the front and rear of the building.
Parking Type: Surface
Parking Description: Plenty of parking. Rear and Front parking allow for easy access to the units from the parking lot.
Sprinklers: None
Heat Type: Natural Gas
Zoning Description: R-4
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements Description: There is an easement going across the rear of the property to access the adjoining lot.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,791 32,230 76,479
Median Age: 42 36.28 38.81
Households: 2,048 11,661 28,554

Contact

Photograph of Listing Agent

Patrick Pollard

Pollard Realty KCREA Member
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