1512 PAYNE STREET-RETAIL-COMMERCIAL-RESIDENTIAL

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30700960
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 978 SF
Gross Building Area: 1,608 SF
Gross Land Area: 3,525 SF
Sale Price: $200,000
Unit Price: $204.50 PSF
Property Use Type: Business
Building Name: 1512 PAYNE STREET
Usable Size (USF): 1,608 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/7/2021

Overview / Comments

REAL ESTATE -COULD BE CONVERTED BACK TO RESIDENTIAL-OR MAINTAIN SUCCESSFUL SALON BUSINESS INCLUDED OR RETAIL.
BUILDING IS IN GOOD CONDITION AND ALSO INCLUDES 630 SF GARAGE WHICH IS ALSO IN GOOD CONDITION AND CAN BE USED FOR ADDITIONAL STORAGE OR FUTURE DEVELOPMENT.
THE SALON HAS BEEN OPERATING FOR 20+ YEARS, IS EQUIPPED WITH FOUR STATIONS/CHAIRS, HAS LAUNDRY AND LOUNGE/SITTING AREA. LADIES & MENS RESTROOMS.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 069L00430000
Zoning: C-1 - Commercial District
Retail Clientele: General, Family, Business, Other
Property Located Between: LEXINGTON ROAD & FRANKFORT AVENUE
Property Visibility: Excellent
Largest Nearby Street: LEXINGTON ROAD
Feet of Frontage: 25
Highway Access: GOOD ACCESS TO EAST END, HIGHLANDS, CRESCENT HILL, DOWNTOWN AND I-64.
Airports: Muhammad Ali International and Bowman Field are within 5 miles.
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 978 SF
Property Condition: Good
Year Built: 1912
Roof Type: Gable
Parking Type: Surface
Parking Description: PRIVATE OFF STREET PARKING IN FRONT AND BACK
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 25 FT
Lot Depth: 141 FT
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,892 122,758 306,049
Median Age: 37.19 37.7 37.88
Households: 6,782 56,724 135,540

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