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: |
$350,000 |
| Unit Price: |
$189.19 PSF |
| Property Use Type: |
Net Leased Investment (NNN) |
| Building Name: |
Body Language Lounge |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/22/2024 |
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 |
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 |
|
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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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