Mixed-Use Building

Retail-Commercial for Sale
Catylist Listing ID: 30151015
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Other
Building Size (RSF): 5,662 SF
Gross Land Area: 0.35 Acres
Sale Price: $125,000
Unit Price: $22.08 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 5,662 SF
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 9/7/2017

Overview / Comments

The subject property's improvements were made in1998 according to PVA records. The subject is currently being used as a mixed use building with a office/retail/garage area on the first floor, and 3 apartment units on the second floor.

The 1st floor consists of one large open area with 1,798 SF, an office with 384 SF, a garage with 744 SF for a total of 2,926 SF. with one restroom, a coffee bar and a laundry area. Should rent for about $300.00 a month.

Three (3) 2 Bedrooms and 1 Bath apartments are on the 2rd floor. Two (2) are rented for $450.00 each. The other unit has been left vacant since the building is for sale. They are about 912 SF each.

The decks and stairways to the apartments have been pressure washed and ready to be stained.

Additional Details

Nearest MSA: Bardstown
County: Nelson
Zoning: ZONED: CENTRAL BUSINESS DISTRICT OR COMMERCIAL
Retail Clientele: Business
Property Located Between: go to www.maps.google.com
Property Visibility: Excellent
Largest Nearby Street: Jefferson Street/KY-Hwy 55
Highway Access: About 1 mile from Hwy-55 and about 10 miles East of Bardstown. Located about 30 miles from I-64 and Hurstbourne Lane.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Renovated: 1998
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Vinly siding.
Total Parking Spaces: 10
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Zoned:-- Central Business District or Commercial
In Flood Plain?: Yes
Lot Frontage: 230'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Fee simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,025 2,175 4,229
Median Age: 42.94 38.46 36.92
Households: 411 823 1,645

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