Catylist ID:
#30856928
Value-Add Investment Property - 10th St Jeffersonville, IN
Retail-Commercial
for Sale
Also listed as Shopping Center, Office
| Catylist Listing ID: | 30856928 |
| Property Subtypes: | Convenience Store, Day Care Facility, Mixed Use, Post Office, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other |
| Building Size (RSF): | 11,614 SF |
| Gross Land Area: | 1.48 SF |
| Sale Price: | $1,090,000 |
| Unit Price: | $93.85 PSF |
| Has Drive-Thru? | Yes |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User |
| Building Name: | 10th Street Center |
| Sale Terms: | Undisclosed, Cash to Seller |
| Last Updated: | 12/5/2023 |
Overview / Comments
|
+ Sale Price: $1,090,000 + Opportunity to purchase an 11,614 square foot strip center with substantial value add potential + Offered well below replacement cost at $93.85/sf + 1.48 acres with excellent visibility, in-fill location, and strong population density + Average daily traffic counts of 26,593 + New roof to be installed by Landlord prior to sale + Only one long-term lease in place, allowing the new owner rent roll flexibility and immediate opportunity to drive value + Jeffersonville, IN is slated for tremendous economic growth with the addition of the River Ridge Commerce Center, a 6,000+ acre industrial, office, and research campus that is estimated to bring 100,000 jobs to the market + Close proximity to several national retailers, including: Starbucks, McDonald’s, Jimmy John’s, Burger King, Sherwin-Williams, Waffle House, Rally’s, Taco Bell, White Castle, Chase Bank, and Papa John’s + E 10th St location, which provides direct access to Jeffersonville’s major roadways, I-65 and I-265 |
Attachments & Media
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Clark |
| Taxing Authority: | Jeffersonville |
| Tax ID/APN: | 101901000526000010; 101901001108000010 |
| Zoning: | C2 |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other |
| Property Visibility: | Excellent |
| Feet of Frontage: | 260 |
| Traffic/Vehicle Count: | 26,593 |
| Highway Access: | E 10th St/Hwy 62 provides direct access to I-65 and I-265. 3.5 miles from I-64 and I-71. |
| Airports: | Louisville Muhammad Ali International Airport |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Good |
| Year Built: | 1989 |
| Total Parking Spaces: | 62 |
| Parking Type: | Surface |
| Sprinklers: | Wet |
| Zoning Description: | C2 |
| Lot Frontage: | 275' |
| Lot Depth: | 390' |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 11,967 | 83,930 | 240,838 |
| Median Age: | 37.44 | 38.11 | 37.95 |
| Households: | 5,029 | 36,320 | 105,236 |
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions. |
