Catylist ID: #30528777
Retail-Commercial for Sale
|Catylist Listing ID:||30528777|
|Property Subtypes:||Free-Standing Building, Restaurant|
|Building Size (RSF):||7,000 SF|
|Gross Building Area:||8,500 SF|
|Gross Land Area:||11,326 SF|
|Unit Price:||$142.71 PSF|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
50,000 + Cars per day traffic count on Newtown Pike.
Hotels in the area include: Marriott Griffin Gate Resort - Fairfield Inn Suites - Four Points by Sheraton Hotel - Clarion Hotel - La Quinta Inn- Embassy Suites.
This property has excellent visibility and exposure located on Newtown Pike along with ample parking for patrons.
The restaurant is adjacent to the Marriott' s Griffin Gate Resort and directly across Newtown Pike from the University of Kentucky professional office and research park, the Coldstream Research Campus.
The owner will service a large daytime business population, as well as an upscale residential community. The property has convenient access to Interstates 75 / 64.
This property was had two appraisals done, one for $1,700,000 and one for $1,600,000 in 2014.
The owners are ready to retire and are offering the property at $1,049,000.
|Retail Clientele:||General, Family, Business, Traveler, Tourist, Recreation|
|Largest Nearby Street:||Newtown Pike|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Total Parking Spaces:||100|
|Air Conditioning:||Package Unit|
|Part of Planned Development?:||Yes|
|Proximity:||1 mile||3 miles||5 miles|
Philip H SewellSewell Commercial Brokerage, LLC KCREA Member
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