Former McKendree University Satellite Campus

Special Purpose for Sale
Catylist Listing ID: 30818535
Property Subtypes: School/University
Building Size (RSF): 8,820 SF
Gross Land Area: 2.54 Acres
Sale Price: $750,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2022

Overview / Comments

The former McKendree University sattellite campus is an ideal property for retrofitting into a childcare center or similar educational use. Potential also exists for another college or university, secondary education.
The floor plan is available in documents for download, consist of 9 classrooms, administrative offices and sufficient restrooms.
Property has been vacated and available to tour by appointment. Property is being sold in it's 'As-Is, Where-Is' Condition.
No warranties, expressed or implied. Seller motivated.

Additional Details

Nearest MSA: Elizabethtown-Fort Knox
County: Hardin
Taxing Authority: Hardin County
Tax ID/APN: 139-20-01-012
Zoning: COMMERCIAL
Property Located Between: US 31W (Dixie Hwy) and Patriot Parkway (361) / Joe Prather Highway (313)
Property Visibility: Excellent
Largest Nearby Street: US 31W (Dixie Hwy)
Traffic/Vehicle Count: 7,363
Highway Access: US 31W (Dixie Hwy) or Joe Prather Hwy (313)
Airports: Elizabethtown Regional Airport (EKX)
Site Description: Large corner lot, paved parking surrounding the 8,820+/- sf former university satellite campus building.
Area Description: Hardin County and Radcliff, KY will be experiencing significant population growth over the next 5 to 10 years and beyond. Ford Motor Company has begun construction in Glendale, KY, only 20 minutes away, the Blue Oval SK Battery Park Kentucky (https://corporate.ford.com/operations/blue-oval-city.html). This development is on a CSX Mega-Site and the early projections are 5,000 employees at twin plants under construction now. Spin off jobs and overall demographic impact is still being studied but will undoubtedly transform the whole region in Central Kentucky, the Hub City as Elizabethtown was formerly known. Radcliff, KY is right in the middle of it all. Check out the Blue Oval SK video here https://motorsport.tv/embed/0gyiIsQv.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,820 SF
Property Condition: Average
Year Built: 1986
Roof Type: Gable
Exterior Description: Brick veneer and shingle roof. Landscaped around the building and mature trees around, in a neighborhood setting.
Parking Type: Surface
Parking Description: 120+/- parking spaces and designated handicapped spots per code.
Sprinklers: None
Interior Description: Framed walls with gypsum board, painted. Carpeted floors in most rooms.
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: DB 567-208

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,707 27,336 49,349
Median Age: 35.95 33.41 32.51
Households: 3,109 10,688 17,464

Contact

Photograph of Listing Agent

Jeffrey M Farmer

Semonin REALTORS KCREA Member
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