Catylist ID:
#30836237
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: | $171.52 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller |
| Average Occupancy Rate: | 100 |
| Last Updated: | 11/20/2023 |
Overview / Comments
|
Freestanding building located across from the main entrance to Baptist Health Floyd Hospital Month-to-month tenant occupies the property Opportunity to re-tenant the building as a residential investment or convert the property to office use. The seller would sell contingent upon rezoning. The lot adjacent to the existing building offers building expansion area and parking. Strong trade area Carport and detached garage |
Financials
| Finance Data Year | 2023 |
|---|---|
| Real Estate Taxes - Annual($) | $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 |
| Zoning: | TR - TRADITIONAL RESIDENTAL |
| 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 |
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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