Rare Multi-Tenant Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30867999
Property Subtypes: Mixed Use, Restaurant, Street Retail
Building Size (RSF): 10,593 SF
Gross Building Area: See Agent
Sale Price: $1,285,000
Unit Price: $121.31 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/27/2024

Overview / Comments

This value-add retail opportunity, with great visibility on Bardstown Road, is located in Louisville's distinct Buechel submarket. This two-story retail/office center is a great investment opportunity with a diverse tenant mix, including two restaurants and a local specialty grocer on the first floor and upper level office/event space. An investor will enjoy the stability of Buechel's Bardstown Road corridor and the opportunity to create value via the under-market rents presently contained at the property.

Highlights include:
:: Great visibility on Bardstown Road
:: Diverse tenant mix
:: Ample off-street & street parking
:: Undermarket rental rates present value-add opportunity
:: Attractive PPSF
:: Close proximity to GE Appliance Park

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 049800050000
Zoning: C-1 - Commercial District
Retail Clientele: General
Property Visibility: Good
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1947

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,197 120,039 294,364
Median Age: 38.39 38.31 38.68
Households: 5,968 52,452 130,466
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