Catylist ID:
#30859628
Value-Add, Mixed Use Building & C-Store Business
Retail-Commercial
for Sale
| Catylist Listing ID: | 30859628 |
| Property Subtypes: | Convenience Store |
| Building Size (RSF): | 5,934 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $685,000 |
| Unit Price: | $115.44 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/29/2024 |
Overview / Comments
|
Mixed-use opportunity - 5,934SF on 0.279 acres just outside of NuLu. Webbs Market, a local convenience store, has been a staple of the Phoenix Hill community for decades. The business and real estate can be purchased as a package for an owner-operator looking to start or expand their convenience store empire. The business occupies the first floor of both 944 & 942 E. Muhammad Ali Blvd, while the second story has remained vacant and requires renovation. Historically, the second story has been utilized as apartments/multifamily. Sale includes liquor, grocery, and deli licenses, all equipment, and 3 parcels (940, 942 & 944 E Muhammad Ali Blvd). The opportunity poses a significant upside for those willing to make the necessary improvements to drive business and add additional rental revenue from the second story. Price Breakdown: Real Estate: $550,000 Business: $200,000 Inventory: TBD Note the building itself is not generating income through leases as the owner is not paying rent to himself. The business generates $124,000. Disclaimer: This information has been obtained from reliable sources. Broker has no reason to doubt its accuracy but it may contain errors or omissions. Broker makes no representation, warranties or guarantees with respect to this information and Buyer should review all of it. |
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 016E01940000 |
| Zoning: | C-1 - Commercial District |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 14,380 | 129,168 | 311,810 |
| Median Age: | 34 | 36.47 | 37.57 |
| Households: | 6,599 | 58,598 | 136,248 |
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