Highlands - Multifamily / Active AirBnB/ Retail

Retail-Commercial for Sale
Also listed as Multi-Family, Special Purpose
Catylist Listing ID: 30630711
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub, Other
Building Size (RSF): 6,622 SF
Gross Building Area: See Agent
Gross Land Area: 0.18 Acres
Sale Price: $1,299,000
Unit Price: $196.16 PSF
Property Use Type: Investment, Business
Building Name: 1905 Bardstown Road
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2020

Overview / Comments

Retail / Multi Family - Residential / Short Term Rental

Active AirBnb schedule!

Completely renovated mixed use building is quintessential 1920s Highlands with all the architectural charm on the desirable Bardstown Road corridor. Classic Highlands building composed of separate retail and residential.

Residential currently configured as an AirBnb with 3 furnished and separately metered residential AirBnB units with with possibility to create a 4th unit. Approximately 8 +/- parking spaces in rear of building.

Front is street level retail space is a separate 3,700 +/- sf space currently a spa/salon with newer trade fixtures(trade fixtures possibly sold under separate agreement). Retail space enjoys high visibility with approximately 40ft +/- of frontage to walking and street traffic. This section of Bardstown Road boasts an estimated 14,000 vehicles per day (KTC). Parcel is approximately .176+/-, Parcel ID 077K00230000

The current owner has invested heavily in the property, untaking a major renovation and numerous upgrades. Owner claims major overhaul throughout the building from 2016 until 2019 to include building mechanicals/ HVAC, all new electrical and plumbing, new appliances installed, window replacements, roof repair and various cosmetic improvements. Property within the Bardstown Road Overlay District.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson Cty PVA
Tax ID/APN: 077K00230000
Zoning: OR-1 - Office/Residential District
Site Description: approximately .176 acre +/-
Total Number of Buildings: 1
Year Built: 1920
Total Parking Spaces: 8
Parking Description: Approximately 3,000 sf+/- parking lot in rear of building could accommodate possibly 8 to 10 vehicles.
Zoning Description: OR1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,533 120,660 314,789
Median Age: 38.2 38.97 37.75
Households: 9,403 56,728 139,153

Contact

Photograph of Listing Agent

Will S Bockoven

Block Ventures KCREA Member
Photograph of Listing Agent

Christopher J Wirth

Block Ventures KCREA Member
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