737 S 8th St - International Mall in Opportunity Zone

Retail-Commercial for Sale
Call for Offers
Catylist Listing ID: 30845040
Property Subtypes: Convenience Store, Day Care Facility, Mixed Use, Movie Theatre, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 25,550 SF
Sale Price: $995,000
Unit Price: $38.94 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit
Call for Offers: Yes
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/24/2024

Overview / Comments

Amazing opportunity to own a commercial retail space with owner financing available! Cash flowing with a long term tenant that has been there since 2008. A corner lot at S 8th St and York St, this building is a great opportunity to build your portfolio with stable cashflow with major upside of appreciation. The current tenant subleases the property to a wide array of tenants, primarily international clothing companies, as well as a restaurant and small grocery/convenience store. There are two trucking bays, although not currently in use, as well as ample parking at the main entrance. The owner only deals with one lease and one tenant and that tenant takes care of everything else. This property offers low maintenance, cash flow, and huge potential.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 029A00110000
Zoning: CM - Commercial Manufacturing
Retail Clientele: General, Family, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Broadway
Feet of Frontage: 369
Roof Type: Flat
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,401 134,278 307,959
Median Age: 35.96 35.32 36.94
Households: 9,732 57,944 132,833

Contact

Photograph of Listing Agent

Michael Horstman

At Home Louisville KCREA Member
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