Catylist ID:
#30660519
Highly Desirable East End Shopping Center and Out Parcels For Sale
Shopping Center
for Sale
Also listed as Vacant Land, Retail-Commercial
| Catylist Listing ID: | 30660519 |
| Property Subtypes: | Free-Standing Store, Mixed Use, Neighborhood Center, Net Leased, Strip Center, Other |
| Building Size (RSF): | 21,100 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.86 - 5.95 Acres |
| Sale Price: | $735,690 - 7,990,940 |
| Unit Price: | $34.87 - 378.72 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User |
| Building Name: | Anchorage Landmark |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 8.0% |
| Last Updated: | 1/12/2021 |
Overview / Comments
|
Anchorage Landmark is a prime located retail/mixed use property that features an approximately 21,100 SF stabilized strip center and four separately deeded outparcels ready for development. The strip center boasts a variety of primarily service-based retail and restaurant tenants, including Mi Tierra Mexican Restaurant, Sign A-Rama Northeast Louisville, New Direction Bar & Grill, Juice Box Vapor Company, and East End Barber Shop. The site offers excellent access off of LaGrange Rd and Chamberlain Ln with direct visibility from the I-265 off ramp at Exit 30: KY-146 (LaGrange Rd). It is located at the signalized intersection of LaGrange Rd and Chamberlain Ln where traffic counts exceed 28,000 vpd. Pricing is based on a 8.0% cap rate for the shopping center and market value for the outparcels. Seller prefers to transfer entire asset, but will consider a separate sale of the shopping center and the outparcels. There is an approved development plan in place for the outparcels at 2600 & 2604 Chamberlain Ln. The plan includes the annexation of a portion of Old Lagrange Rd into the property. This additional are is not included in the lot sizes indicated in the listing. Plan available upon request. Pricing Detail: Shopping Center (2632 Chamberlain Ln) 1.88 acres: $5,030,490.00 Outparcel 1 (2600 Chamberlain Ln) 1.1641 acres: $800,000.00/acre Outparcel 2 (2604 Chamberlain Ln) 0.9681 acre: $800,000.00/acre Outparcel 3 (2632 Chamberlain Ln) 0.8650 acre: $600,000.00/acre Outparcel 4 (2636 Chamberlain Ln) 1.0740 acres: $685,000.00/acre -> Excellent Frontage & Visibility -> Heavily Trafficked, Signalized Intersection -> Immediate Access & Direct Visibility to I-265 -> Ample Signage Opportunities -> Close Proximity to Ford Heavy Truck Plant, Eastpoint Office Park, Kroger Property website: https://buildout.com/website/AnchorageLandmark For additional information, please request a confidentiality agreement from a listing agent. Interested parties may also request the Confidentiality Agreement under the "Documents" tab, by visiting the following website: https://buildout.com/website/AnchorageLandmark |
Attachments & Media
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 001505990000 |
| Zoning: | C-1 - Commercial District |
| Retail Clientele: | General, Family, Business, Traveler, Other |
| Property Located Between: | Chamberlain Lane and LaGrange Road |
| Property Visibility: | Excellent |
| Largest Nearby Street: | LaGrange Road |
| Traffic/Vehicle Count: | 28,000 |
| Highway Access: | Gene Snyder Freeway (I-265) Exit 30: KY-146 (LaGrange Road) Anchorage/Peewee Valley (North 0.2 mi) |
| Airports: | SDF |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 21,100 SF |
| Property Condition: | Excellent |
| Year Built: | 2004 |
| Roof Type: | Gable |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Zoning Description: | C-1 & C-M |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,454 | 57,725 | 127,615 |
| Median Age: | 32.46 | 39.16 | 40.32 |
| Households: | 1,030 | 22,650 | 51,443 |
Contact
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