FOR SALE, INCOME PRODUCING SHOPPING CENTER
Retail-Commercial
for Sale
| Catylist Listing ID: |
30860657 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Restaurant, Street Retail
|
| Building Size (RSF): |
25,650 SF
|
| Gross Building Area: |
25,850 SF |
| Sale Price: |
$2,900,000 |
| Unit Price: |
$113.06 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Building Name: |
1418 and 1420 Blackiston Mill Shopping Center |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/8/2023 |
Overview / Comments
Located on the southwest side of the Blackiston Mill Center close to Lewis and Clark Parkway. Each unit has its own entryway and separate utilities. Eight of the 11 units are currently leased- three unrented units remain, two are finished out with the third as a shell with roughed-out plumbing. The center offers an abundance of parking and good visibility. The shopping center also has two permitted ready-to-build-out lots that are included in the sale.
We are aggressively working to sell, NOTE: this shopping center does not include the PEDDLERS MALL PROPERTY WHICH IS A SEPARATE PARCEL AND NOT FOR SALE.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$35,000 (Annual) |
| Potential Rental Income |
$340,000 (Annual) |
| Gross Operating Income |
$250,311 (Annual) |
| Net Operating Income |
$204,311 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Clark |
| Tax ID/APN: |
10-24-03-100-006.000-013 |
| Zoning: |
B2 |
| Retail Clientele: |
General, Business, Other |
| Property Located Between: |
Lewis and Clark and Blackiston Mill |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Lewis & Clark Parkway |
| Airports: |
Louisville International Airport/Clark County Airport |
| Area Description: |
Located in a high traffic area, with shoppers and nearby destination stores, including Bass Pro Shops and Eastern Blvd. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Property Condition: |
Excellent |
| Construction/Siding: |
Block |
| Exterior Description: |
Block and nicely updated |
| Parking Type: |
Surface |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,316 |
81,007 |
189,028 |
| Median Age: |
36.78 |
38.17 |
37.32 |
| Households: |
4,767 |
34,184 |
79,512 |
|
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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.
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