Downtown Jeffersonville 528 Spring St

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30229786
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 1,344 SF
Gross Building Area: See Agent
Sale Price: $170,000
Unit Price: $126.49 PSF
Property Use Type: Vacant/Owner-User
Building Name: 528 Spring St 1344sf Incentive District
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/14/2018

Overview / Comments

Located in Downtown Jeffersonville. An excellent opportunity to take advantage of the $1,000.00 3 way liquor license. Other districts and incentives you may benefit or qualify for are - TIF District, Urban Enterprise Zone, Main Street Program with JeffMainStreet.org, the Merchants Association and the Revolving Loan Program. The City of Jeffersonville has been promoting Downtown and have created an interest to bring more growth and development that includes restaurants retailers, apartments, hotels and offices as well. They have acquired surrounding property and have created an entire new Arts and Cultural District. This will bring in more visitors and tourism with food and entertainment. 528 Spring Street is within this boundary which would be conducive to a restaurant and pub operation. Parking lot offers plenty of outdoor area for seating since you have ample free City parking on the street Property owner says (UST) tanks have been removed and property has no other "known" environmental concerns.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-19-00-101-449.000-010
Zoning: DC- DOWNTOWN COMMERCIAL
Highway Access: Immediate to I-65, I-265 and I-64 and quick connection to Louisville to include the East End
Airports: Clark County Regional Airport, Louisville International Airport
Site Description: Former Service Station. Steel frame that may allow for rooftop garden seating, typical station look with garage doors, outside entry to restrooms, sizable private parking lot, Tanks removed and information recorded at IDEM.
Area Description: Historic Downtown Jeffersonville, located in the Arts & Cultural District (see maps), prime for restaurant pub, incentives include overlay district, TIF district, riverfront redevelopment district 3-way liquor license $1000.00, growing downtown as more restaurants, retail and residential projects and development are taking place and on the way. Come join us!
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,344 SF
Property Condition: Excellent
Roof Type: Flat
Construction/Siding: Block, Steel Frame
Exterior Description: Common look and feel of the ol' retro gas stations with garage doors
Parking Type: Surface
Parking Description: private lot and street parking
Interior Description: waiting for your plan and renovation
Zoning Description: DC-Downtown Commercial (see attached info)
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Lee Oil Company Inc
Legal Description: 101900101449000010

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,841 106,607 291,809
Median Age: 39.93 36.5 37.45
Households: 3,117 48,022 126,619

Contact

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