Park Place Lofts
Retail-Commercial
for Sale
| Catylist Listing ID: |
30811581 |
| Property Subtypes: |
Street Retail
|
| Building Size (RSF): |
1,600 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$346,666 |
| Unit Price: |
$216.67 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
9.0% |
| Last Updated: |
9/26/2022 |
Overview / Comments
Investment Opportunity to purchase 1,600 SF on the first floor of the Preston Lofts with great frontage on Preston Street.
A new three year NNN lease has been signed with Mythos Tattoo.
The Tenant pays real estate taxes and condominium association dues.
The space has been built out as a tattoo salon but could easily be modified for office or retail to capitalize on the affluent office and residential spaces surrounding the site, if the current tenant ever leaves the space.
The sale includes Units 107 and 108, which are in excellent condition
|
Current Tenants
| Tenant Business Name |
Mythos Tattoo |
| Is Renting? |
Yes |
| Current Rent |
$31,200 PSF (Annual) |
| Lease Expiration |
6/2025 |
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
017C01070000 |
| Zoning: |
C-3 - Commercial District |
| Retail Clientele: |
General, Business, Tourist, Convention |
| Property Located Between: |
Main and Market Street |
| Property Visibility: |
Excellent |
| Highway Access: |
Easy access to I-65 and I-64. |
| Site Description: |
This offering is units 107 and 108. The monthly condo fee is $347.18 per month. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
4 |
| Property Condition: |
Excellent |
| Year Built: |
2005 |
| Year Renovated: |
2022 |
| Parking Type: |
Structure |
| Parking Description: |
Two spaces located in the rear of the building. |
| Sprinklers: |
Wet |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Zoning Description: |
C-3 commercial. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,195 |
129,748 |
307,326 |
| Median Age: |
34.24 |
35.72 |
37.12 |
| Households: |
5,729 |
57,954 |
133,357 |
|
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