24,724 sf multi-use building for sale

Industrial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30216302
Property Subtypes: Free-Standing, Mixed Use, Light Industrial, Office Showroom, Research & Development, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 24,724 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $48.54 PSF
Docks/Doors: 1 Door
Office SF: 10,000 SF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/17/2019

Overview / Comments

Excellent investment opportunity. This property could have many successful mix uses.
It is currently being used as a Teen and Adult Daycare facility- "Exceptional Teens & Adults". This Daycare is for intellectual-developmental disabilities for both teens and adults. They provide opportunities for individuals with disabilities to live independent lives. This incredible 10,000 sqft space has been completely gutted and renovated including all electrical and plumbing as well as 5 HVAC units for optimum comfort. The remaining vacant warehouse space is approx. 14,000+ sqft. of which the Seller was going to open a "cafe" for the non-profit part of her business. This property includes its own gated parking lot (12) so you don't ONLY have street parking which is most common in this location. Huge upside potential including possible historical tax credits of which the Buyer will need to verify.

Current Tenants

Tenant Business Name Teen and Adult Daycare
Is Renting? Yes
SF of Space Occupied 10,000 SF
Tenant Notes Business is being sold with building or building by itself

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 029E00100000
Zoning: C-1 - Commercial District
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1900
Year Renovated: 2008
Roof Type: Other
Construction/Siding: Brick
Parking Type: Other
Parking Description: Private gated parking
Total Parking Spaces: 12
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,159 140,250 303,336
Median Age: 35.56 35.56 36.84
Households: 11,159 60,486 130,680


Photograph of Listing Agent

Latonia Isenberg

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