Dixie Hwy Investment Property

Retail-Commercial for Sale
Catylist Listing ID: 30871574
Property Subtypes: Car Wash, Garden Center, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 6,839 SF
Gross Land Area: 2.50 Acres
Sale Price: $1,299,000
Unit Price: $189.94 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/3/2024

Overview / Comments

Investors and Developers LOOK! Per PVA approximately 2.5 acres of prime commercial property, zoned C-2, on Dixie Highway with great visibility, and 25,000 vehicles per day traffic counts! Good access with 2 ingress/egress road cuts, over 260 feet of frontage, 380 feet of depth, flat, rectangle shaped. Near intersection and across Dixie from Meijer Grocery/Department Store.
Currently, property includes 2 improved buildings, 100 percent occupied with month to month tenants ,that could continue to generate income while completing due diligence. Currently at $54,000 gross rentals/ year. However; The real value is in the LAND! Buyer will need to provide a district development plan once use is determined with Louisville Planning and Zoning.
This could be an incredible addition to your real estate portfolio! Rarely does this much land become available on Dixie Highway, don't miss out on this opportunity!

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 104700220000
Zoning: C-2 - Commercial District
Retail Clientele: General, Family, Business, Traveler, Other
Property Located Between: Ponder Lane and Citation Road
Property Visibility: Good
Largest Nearby Street: Dixie Hwy (31W)
Feet of Frontage: 268
Traffic/Vehicle Count: 24,000
Highway Access: Minutes to (I-265)
Airports: 15 Minutes to Louisville Muhammad Ali International Airport
Site Description: Nice level tract located across Dixie Hwy from Meijer and by residential housing.
Area Description: Property is located along the Dixie Hwy retail corridor with Meijer Grocery/Dept Store located across Dixie from this property.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 3,400 SF
Property Condition: Good
Year Renovated: 2022
Roof Type: Arched
Construction/Siding: Brick
Exterior Description: Two free standing all brick buildings. Building 1 is a church, building 2 is a house; but could be used as church offices, or classrooms.
Total Parking Spaces: 38
Parking Type: Surface
Parking Description: Current parking lots are paved, but land allows for additional parking if needed.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Church / house
Zoning Description: Flexible general retail/ commercial
Lot Frontage: 268
Lot Depth: 383
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,969 59,362 124,107
Median Age: 39.21 38.49 38.23
Households: 5,422 23,137 49,291


Photograph of Listing Agent

Tim C Stephens

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