Neighborhood Shopping Center - 100% Occupied
Shopping Center
for Sale
Also listed as Retail-Commercial, Office
| Catylist Listing ID: |
30794385 |
| Property Subtypes: |
Neighborhood Center, Strip Center
|
| Building Size (RSF): |
4,240 SF
|
| Gross Land Area: |
0.60 Acres
|
| Sale Price: |
$550,000 |
| Unit Price: |
$129.72 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
6/29/2022 |
Overview / Comments
This strip center is well positioned in Shepherdsville, Kentucky just south of the Jefferson County line, with six retail/ office units, currently configured to support four tenants with 100% occupancy. The tenants are long term and rents are below market presenting a buyer with significant upside.
This center has been well maintained. The parking lot was recently re-paved. The roof is only a couple of years old but there was variation in one of the lots of shingles causing discoloration and the roofing company has agreed to replace the front half of the building to make the shingles match properly. This will be completed prior to closing.
With little to no inventory in this market for comparable stable retail centers, this property is well positioned for investor purchase. The center offers good frontage along three roadways, including Preston Highway, low maintenance and other desirable attributes. Enjoy this cash flowing asset priced reasonably considering the upside potential! Property tours available upon request but will require 48 hour notice to tenants.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Bullitt |
| Tax ID/APN: |
044-000-00-039A |
| Zoning: |
B1 - Highway Business |
| Retail Clientele: |
General, Family |
| Property Located Between: |
Preston Highway, W. Hebron Lane and Lodie Drive |
| Property Visibility: |
Excellent |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Parking Type: |
Surface |
| Total Parking Spaces: |
25 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,286 |
29,718 |
76,928 |
| Median Age: |
47.66 |
38.12 |
37.07 |
| Households: |
1,286 |
11,305 |
29,130 |
|
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