Up to 5.9 ac in business district and Opportunity Zone

Retail-Commercial for Sale
Catylist Listing ID: 30044620
Property Subtypes: Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 9,300 SF
Gross Building Area: See Agent
Gross Land Area: 5.90 Acres
Sale Price: $425,000
Unit Price: $45.70 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/17/2019

Overview / Comments

Prime location on Market St. in growing Charlestown by stop light between Family Dollar and Napa Auto. Newly rezoned multi use business district.
Close to booming River Ridge Commerce Center and one of the larger available properties in the main business district. 5.9ac with access from HWY 3/ Market St. Currently used as an auto sale/repair shop. 4 drive in bay doors. The main building is approx. 102’ X 60’ w/ 16’ + ceiling.
It would be a suitable location for an office, restaurant, hotel, live/work space, storage facility, strip center, or other use.
Owner has had a recent satisfactory Phase 1 environmental report completed. Possible 20 yr lease and can build to suit.
With the proposed growth of the nearby River Ridge Commerce Center and the recent addition of River Ridges new north side entrance into the Commerce Center this is a prime investment opportunity.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Taxing Authority: City Of Charlestown
Tax ID/APN: 10-18-11-700-257.000-004
Retail Clientele: General
Property Located Between: Hwy 62 and CR 403
Property Visibility: Excellent
Largest Nearby Street: Market St.
Traffic/Vehicle Count: 22,000
Highway Access: 3 minutes from HWY 62, 15 minutes from I-65
Airports: Clark Regional Airport, Louisville Intl. Airport
Site Description: Located on main thoroughfare through town and backs up to proposed new housing development. Excellent visibility and room for expansion or new development with 5.9 ac.
Area Description: Sits in the middle of the business district
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 9,300 SF
Property Condition: Good
Roof Type: Gable
Construction/Siding: Metal Siding
Total Parking Spaces: 80
Parking Type: Surface
Parking Description: In front of building
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Good,
Zoning Description: DH, multi use
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Owned
Legal Description: GT117 1.15AC, GT117 .75AC, GT 117 1.62AC, GT117 2.37AC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,061 5,524 20,547
Median Age: 36.42 37.29 37.3
Households: 810 2,178 7,564
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