Office/Investment Opportunity

Office for Sale
Sale Pending
Catylist Listing ID: 30836237
Property Subtypes: Medical, Office Building
Status: Pending
Building Size (RSF): 1,134 SF
Gross Land Area: 0.28 Acres
Sale Price: $194,500
Unit Price: $171.52 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 11/20/2023

Overview / Comments

Freestanding building located across from the main entrance to Baptist Health Floyd Hospital
Month-to-month tenant occupies the property
Opportunity to re-tenant the building as a residential investment or convert the property to office use.
The seller would sell contingent upon rezoning.
The lot adjacent to the existing building offers building expansion area and parking.
Strong trade area
Carport and detached garage


Finance Data Year 2023
Real Estate Taxes - Annual($) $2,227 (Annual)
Potential Rental Income $14,400 (Annual)
Net Operating Income $10,572 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Submarket Type: Suburban
Tax ID/APN: 22-05-03-400-369.000-008
Property Visibility: Good
Highway Access: Easy access to I-265
Site Description: Level site. The property has a single family home with a detached garage with an additional lot. The adjacent lot would provide for expansion area and parking.
Area Description: Vibrant trade area. The subject property is located directly across Cottom Avenue from the hospital.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1929
Roof Type: Gable
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: (2) spaces behind the building, plus on street parking and off-street parking on the adjacent lot.
Total Parking Spaces: 10
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Zoned TR - Traditional Residential
Lot Frontage: 100
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Two Thousand Three Hundred Eighteen, LLC
Legal Description: 118 Cottom Ave. Parcel Number: 008-35300-58 114 Cottom Ave. Parcel Number: 008-35300-57

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,205 59,223 159,333
Median Age: 34.4 37.28 37.09
Households: 4,564 24,360 65,914


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