Catylist ID:
#30818535
Former McKendree University Satellite Campus
Special Purpose
for Sale
Sale Pending
| Catylist Listing ID: | 30818535 |
| Property Subtypes: | School/University |
| Status: | Pending |
| Building Size (RSF): | 8,820 SF |
| Gross Land Area: | 2.54 Acres |
| Sale Price: | $750,000 |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/16/2023 |
Overview / Comments
|
The former McKendree University sattellite campus is an ideal property for retrofitting into a childcare center or similar educational use. Potential also exists for another college or university, secondary education. The floor plan is available in documents for download, consist of 9 classrooms, administrative offices and sufficient restrooms. Property has been vacated and available to tour by appointment. Property is being sold in it's 'As-Is, Where-Is' Condition. No warranties, expressed or implied. Seller motivated. |
Additional Details
| Nearest MSA: | Elizabethtown-Fort Knox |
| County: | Hardin |
| Taxing Authority: | Hardin County |
| Tax ID/APN: | 139-20-01-012 |
| Zoning: | COMMERCIAL |
| Property Located Between: | US 31W (Dixie Hwy) and Patriot Parkway (361) / Joe Prather Highway (313) |
| Property Visibility: | Excellent |
| Largest Nearby Street: | US 31W (Dixie Hwy) |
| Traffic/Vehicle Count: | 7,363 |
| Highway Access: | US 31W (Dixie Hwy) or Joe Prather Hwy (313) |
| Airports: | Elizabethtown Regional Airport (EKX) |
| Site Description: | Large corner lot, paved parking surrounding the 8,820+/- sf former university satellite campus building. |
| Area Description: | Hardin County and Radcliff, KY will be experiencing significant population growth over the next 5 to 10 years and beyond. Ford Motor Company has begun construction in Glendale, KY, only 20 minutes away, the Blue Oval SK Battery Park Kentucky (https://corporate.ford.com/operations/blue-oval-city.html). This development is on a CSX Mega-Site and the early projections are 5,000 employees at twin plants under construction now. Spin off jobs and overall demographic impact is still being studied but will undoubtedly transform the whole region in Central Kentucky, the Hub City as Elizabethtown was formerly known. Radcliff, KY is right in the middle of it all. Check out the Blue Oval SK video here https://motorsport.tv/embed/0gyiIsQv. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 8,820 SF |
| Property Condition: | Average |
| Year Built: | 1986 |
| Roof Type: | Gable |
| Exterior Description: | Brick veneer and shingle roof. Landscaped around the building and mature trees around, in a neighborhood setting. |
| Parking Type: | Surface |
| Parking Description: | 120+/- parking spaces and designated handicapped spots per code. |
| Sprinklers: | None |
| Interior Description: | Framed walls with gypsum board, painted. Carpeted floors in most rooms. |
| Zoning Description: | Commercial |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | DB 567-208 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 7,707 | 27,336 | 49,349 |
| Median Age: | 35.95 | 33.41 | 32.51 |
| Households: | 3,109 | 10,688 | 17,464 |
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