Harris Office Building For Sale: 11,052 sf on .742 Acre Site

Office for Sale
Catylist Listing ID: 30869620
Property Subtypes: Office Building
Building Size (RSF): 11,052 SF
Gross Building Area: See Agent
Gross Land Area: 0.74 Acres
Sale Price: $525,000
Unit Price: $47.50 PSF
Property Use Type: Vacant/Owner-User
Building Name: Harris Office Building
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/2/2024

Overview / Comments

Harris Office Building: located near the intersection of Middle Road and Allison Lane with approx. 5,526 sf per floor x 2 = 11,052 total sf.
The site is irregularly-shaped and contains approx. 32,322 square feet or 0.742 acres. The rear portion of the site is in the floodway, and the owner pays flood insurance on the property. The property is mostly level and currently zoned C1: Small to Medium Scale General Commercial.
The building is a two-story multi-tenant office building that is occupied by the owner's business and three other tenants. It is a wood frame structure with brick veneer, composition shingle roof, includes two cupolas, and was constructed in 1972 per county records.
The main level contains approx. 5,526 square feet and is divided into suites A and B/C (formerly two separate suites), each of which have several offices, conference rooms, kitchenettes, and three two-fixture restrooms.
The lower level also contains approx. 5,526 square feet and is divided into suites D, E, and F, the latter of which is used as a production area for the owner of the building's company. Suites D and E contain multiple offices, conference rooms, and kitchenettes, while the production area contains a larger open work area and several offices. The common hallway in the lower level also contains two two-fixture restrooms.
The building has been well-maintained with recent updates including: exterior lighting (2023), interior and exterior security cameras (2023), new A/C unit and furnace (2022), gutters (2022), windows (2020), carpeting and vinyl-plank flooring (2019), as well as some new drywall and chair railing. The cupolas have also been replaced recently, per the owner.

Also, the 2 lower level suites are for lease: Suite E: $1,250mo./1100s/f and Suite D: $1,500mo./1200s/f. (S/F is approx. Lease price includes all utilities. Lower level suites have a reception area, 3 or 4 offices and a conference room (these 2 spaces can also be combined). Restrooms are at the end of the hallway

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Submarket/Township: Jeffersonville
Taxing Authority: Jeffersonville Township
Tax ID/APN: 10-19-01-201-062.000-009
Zoning: B1
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,526 SF
Year Built: 1972
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,436 49,280 173,163
Median Age: 35.82 39.55 38.98
Households: 4,166 20,764 74,625
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