Bar/Tavern on 7th street!

Retail-Commercial for Sale
Catylist Listing ID: 30860934
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 1,850 SF
Sale Price: $399,000
Unit Price: $215.68 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Body Language Lounge
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2023

Overview / Comments

Opportunity is knocking!!! Currently used as a Gentlemen's Club, tenant has a 5 year history with a successful business at this location. Tenant has a NNN lease which is currently month to month. If you are an investor looking for a leased property and would like the tenant to remain and collect rent every month for your portfolio then this is a great opportunity for you. Maybe you are an entrepreneur who has always wanted to open their own bar/tavern, Gentlemen's Club, restaurant, liquor store, car lot, there are so many possibilities with EZ1 zoning. Seller resided the exterior in the past few years with all new vinyl siding. Tenant did a complete remodel on the interior of the building, hot water heater was recently replaced, lighted signage at the road, good turn around for delivery truck, ample parking, and great street visibility. This street is a main road straight to downtown Louisville, located in Shively.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 101002470000
Zoning: EZ-1 - Enterprise Zone District
Retail Clientele: General, Business
Property Located Between: 7th and arcade
Property Visibility: Excellent
Largest Nearby Street: Arcade Ave
Area Description: Surrounded by multiple businesses including Expo 5 Flea Market, VFW post, car lots, other bars, liquor stores, and Adult book stores.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1928
Year Renovated: 2018
Roof Type: Arched
Construction/Siding: Vinyl Siding
Exterior Description: Parking goes all the way around the building, lighting is excellent.
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: Parking goes around all sides of the building.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Interior Description: recently remodeled, stage, bar, 2 bathrooms, and booth areas.
Zoning Description: EZ1
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 0.49 AC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,819 134,401 279,412
Median Age: 34.84 35.54 36.39
Households: 8,403 56,169 117,973


Photograph of Listing Agent

Heather L Allen

Genesis Realty LLC KCREA Member
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