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. |
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 |
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The information presented herein is provided as is, without warranty of any kind.
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