Retail Strip Center - Value Add - 8400SF - $33/SF

Retail-Commercial for Sale
Catylist Listing ID: 30269488
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 8,395 SF
Gross Land Area: 0.40 Acres
Sale Price: $275,000
Unit Price: $32.76 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/24/2018

Overview / Comments

A fabulous value-add strip center at an unbeatable $33/sf. 4 separate meters, parking in front and rear. One tenant currently month to month taking up minimal square feet, others vacant. Concrete block construction, 4 store fronts (could be divided into more) across from PNC Bank and Wendy’s. Most units have furnaces and central air. Less than a mile off I-264 south on Cane Run towards the Greenbelt. Traffic counts exceed 38,000 cars a day. Perfect for an investment for your own business with additional income, or leasing up as a long-term hold.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 100803760376
Zoning: C-1 - Commercial District
Retail Clientele: General, Business
Property Located Between: I-264 and Hartlage Ct.
Property Visibility: Excellent
Largest Nearby Street: Cane Run Rd.
Feet of Frontage: 120
Traffic/Vehicle Count: 38,279
Highway Access: Yes
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,395 SF
Property Condition: Fair
Year Built: 1945
Roof Type: Flat
Construction/Siding: Block, Stucco
Total Parking Spaces: 18
Parking Type: Surface
Parking Description: Front and Rear
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: C1
Lot Frontage: 120 approx
Lot Depth: 164 approx
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,173 87,998 232,074
Median Age: 38.88 36.94 36.25
Households: 4,931 35,529 94,754

Contact

Photograph of Listing Agent

Fred Levein

RE/MAX 100 KCREA Member
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