BAXTER CENTRE

Retail-Commercial for Sale
Catylist Listing ID: 30709068
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 17,261 SF
Gross Building Area: See Agent
Gross Land Area: 0.26 Acres
Sale Price: $3,250,000
Unit Price: $188.29 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Building Name: BAXTER CENTRE
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 65
Last Updated: 4/13/2021

Overview / Comments

This unique property is right in the Heart of the Highlands. Set back less than 100 feet on Baxter Avenue, these two story buildings have excellent visibility to the more than 42,000 cars and pedestrians a day. Full height store front glass adorns the first floor providing the retail establishments with natural daylight, patron viewing, and interior visibly to the driving and pedestrian public. The second floor offices offer 10 foot ceilings, and vertical wall to wall windows in the front suites. Street lamps, trees and sidewalks add to the quaintness of this property.

Current Tenants

Tenant Business Name El Nopal Mexican Cuisine
Industry Type Accommodation and Food Services
Is Renting? Yes
Suite Number 1A
Tenant Business Name Hard Life Tattoos
Industry Type Arts, Entertainment, and Recreation
Is Renting? Yes
Suite Number 1B
Tenant Business Name Lucky's
Industry Type Accommodation and Food Services
Is Renting? Yes
Suite Number 1C
Tenant Business Name KYMP
Contact Name Chele Zhender
Industry Type Professional/Scientific/Technical Services
Is Renting? Yes
Suite Number 2B
Tenant Business Name CGA Construction, LLC
Industry Type Construction
Is Renting? Yes
Suite Number 2A

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Submarket Type: Central Business District
Taxing Authority: Jefferson
Tax ID/APN: 027A01800081
Zoning: C-2 - Commercial District
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Lexington, Grinstead and Bardstown Rds.
Property Visibility: Excellent
Largest Nearby Street: Lexington
Feet of Frontage: 100
Traffic/Vehicle Count: 42,000
Highway Access: I-64, I-65, and I-71
Airports: Mohammad Ali International
Area Description: The Highlands is surrounded by Germantown to the south and Butchertown to the north.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1928
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Concrete facing with frontage full height glass on the first floor and frontage vertical glass windows on the second floor.
Parking Type: Other
Parking Description: Plentiful street parking.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: C-2 - Retail and Office
Lot Frontage: 139'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Matheis Novelty Co., Inc.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,495 131,800 321,053
Median Age: 36.89 36.84 37.33
Households: 11,412 60,365 140,550

Contact

Photograph of Listing Agent

Sandra Bollinger Schroeder

Rodulfo Realty, LLC KCREA Member
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