Catylist ID:
#30845368
Town Square Commercial Space with Apartments above for Sale
Retail-Commercial
for Sale
| Catylist Listing ID: | 30845368 |
| Property Subtypes: | Mixed Use, Other |
| Building Size (RSF): | 5,668 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.05 Acres |
| Sale Price: | $325,000 |
| Unit Price: | $57.34 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Business |
| Sale Terms: | Undisclosed, Cash to Seller, Owner Financing |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/18/2024 |
Overview / Comments
|
This is an opportunity to purchase a renovated building with good cash flow immediately! The building has numerous upgrades which include a new roof in 2020, new electric panels, upgraded plumbing, new gas line in 2022 and many additional upgrades. The building also offers the new owner a great opportunity to purchase an established business AND the building is capable of adding an additional retail or commercial tenant easily. Carrollton is primed for growth with several new developments in process. This commercial building is 5668 sq ft, Zoned C-1 and is in the historic district which offers several incentives to the owner. It has 3 apartments on the second floor with a private entrance. These units are currently rented and individually metered. Apartments have all been recently upgraded. Shared laundry, new paint, new flooring, new windows and new hot water heaters have all been added within the last 3 years. The first floor has a very attractive entrance onto 5th St and is on the town square. It also has a second entrance onto Main St that faces the river. The Main St entrance has the ability to easily be separated and become a second retail business that includes a working elevator for second floor access. In the 60s this part of the building was a drug store, and the second floor was used for drug storage and compounding. Today it would be ideal as a retail specialty shop - coffee, yogurt, etc. The existing printing company is being offered with the building and has been growing steadily. The price does NOT include the business. All business assets can be negotiated separately. Current owner is retiring but willing to help with new owner transition. A complete inventory is available. Current residential leases and business income and inventory are available with signed NDA. |
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Carroll |
| Tax ID/APN: | C1-14-02 |
| Zoning: | C-1 |
| Property Located Between: | Carrollton Town Square |
| Largest Nearby Street: | Main Street |
| Feet of Frontage: | 40 |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Typical SF / Floor: | 2,834 SF |
| Property Condition: | Excellent |
| Roof Type: | Other |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Heat Type: | Natural Gas |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,778 | 4,452 | 9,976 |
| Median Age: | 35.47 | 36.65 | 38.49 |
| Households: | 635 | 1,708 | 3,790 |
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