Corner C-2 Opportunity on New Cut Road For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30148050
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Building Size (RSF): 2,606 SF
Gross Building Area: See Agent
Gross Land Area: 0.88 SF
Sale Price: $250,000
Unit Price: $95.93 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/24/2017

Overview / Comments

Excellent opportunity for development or existing rehab in South Louisville on corner of New Cut Road and Brown Austin Road with close proximity to Walmart Supercenter, Wendys, Big O Tires, Sun Tan City and other major retailers on Outer Loop. Favorable traffic counts and close proximity to major interstates I-265 and I-65 with outstanding access. Located in a growing corridor, this opportunity is primed for success. Building on parcel currently utilized for residential purpose can be scraped as desired. Part of this parcel currently sits in the floodplain. Property has been used as a grocery store and tavern previously.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 105011150000
Zoning: C-2 - Commercial District
Retail Clientele: General, Family, Business, Traveler
Property Located Between: Outer Loop and Brown Austin Road
Property Visibility: Excellent
Largest Nearby Street: Outer Loop
Traffic/Vehicle Count: 18,476
Highway Access: I-265, I-65
Airports: Louisville International Airport (SDF)
Site Description: C-2 Zoned Corner Parcel on New Cut and Brown Austin with outstanding access. Existing building currently utilized for residential purpose may be best served as a tear down.
Area Description: Growing corridor, favorable market demographics, near other major retailers and major interstates.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1940
Year Renovated: 1998
Roof Type: Other
Construction/Siding: Wood Siding
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,953 49,435 166,239
Median Age: 34.17 37.83 37.14
Households: 3,851 19,592 66,938

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