Retail/Office Strip Center with Value Add Opportunity

Retail-Commercial for Sale
Sale Pending
Also listed as Shopping Center, Office
Catylist Listing ID: 30860311
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Other
Status: Pending
Building Size (RSF): 24,616 SF
Gross Building Area: See Agent
Sale Price: $899,000
Unit Price: $36.52 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/23/2024

Overview / Comments

Located off high traffic Grant Line Road, and minutes from I-265, this retail/office center is a great property for an investor looking for in-place returns plus value add opportunity.

The center has enjoyed long term tenants with high occupancy rates. The units are a mix of mostly office with some retail, and the vacant spaces would be ideal for small professional businesses.

The sellers have recently replaced the roof and repaved the front parking lot.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-06-200-015.000-008|2
Zoning: COMMERCIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,594 62,781 127,541
Median Age: 38.71 38.52 38.31
Households: 4,007 26,032 51,384
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