Live-Work on Building Norton Commons Blvd.

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30823352
Property Subtypes: Mixed Use, Retail-Pad
Status: Pending
Building Size (RSF): 4,680 SF
Gross Building Area: See Agent
Sale Price: $1,198,000
Unit Price: $255.98 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/28/2022

Overview / Comments

Building ONLY for Sale as an Investment property.

RARE, and sought after Property for sale, located at t the main strip of Norton Commons Blvd. Town Center.
This building located in one of the hottest development is built in 2007 with extremely well built construction of concrete, steel beams, and brick, which could not be reproduced at todays price.

This is sold as an investment property with two tenants.

Fist floor of the building is the ultra high volume Tea Station Asian Bistro, leased at $24.00 square foot, with almost 10 years remaining. Tenant has been successful, and extremely stable for the past15+,- years, and generating almost 2x of volume compared to other restaurants with the similar square footage.
The second floor townhome has been steadily leased with ease for the past several years, and it's presently rented at $2,495 per month.

Visit Norton Commons' website to discover the various businesses, and amnesties of this Live-Work Luxurious Lifestyle Development:

Norton Commons Development concept is designed by the Seaside FL's world renowned architect firm of DPZ CoDesign. Principals of Andres Duany and Elizabeth Plater- Zyberk has designed similar and successful developments through out the country and world wide.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Zoning: PVD - Planned Village Development District
Retail Clientele: General, Family, Traveler
Property Located Between: Meeting Street and Norton Commons Blvd.
Property Visibility: Excellent
Largest Nearby Street: Meeting Street
Highway Access: I-71 & I-265
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Public street parking
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,710 50,759 121,331
Median Age: 37.97 40.17 40.96
Households: 1,565 20,252 48,995
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