Catylist ID: #30675445
Retail Investment Property
Shopping Center for Sale
|Catylist Listing ID:||30675445|
|Property Subtypes:||Neighborhood Center|
|Building Size (RSF):||18,150 SF|
|Gross Building Area:||19,465 SF|
|Gross Land Area:||2.20 Acres|
|Unit Price:||$52.34 PSF|
|Property Use Type:||Investment|
|Building Name:||Highview Plaza Shopping Center|
|Sale Terms:||Cash to Seller|
Overview / Comments
Highview Plaza Shopping Center for sale
Located in Highview, in the southeast part of Louisville Metro, this center has been in one family for over 50 years.
Very low historical vacancy rates, this center is almost always full. Owners are selling in advance of estate planning.
CAP rate is 8.4%
Center consists of
Three buildings on 2.2 acres
Constructed in the 1960's
Brick veneer, over CMU block for most.
Roofs all new since 2013, with 25 year warranty
Full financials available upon signing NDA (CA).
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New apartments currently under construction contiguous to property. 192 units.
First building filled up within weeks of finish!
|Nearest MSA:||Louisville/Jefferson County|
|Zoning:||PDD - Planned Development District|
|Retail Clientele:||General, Family|
|Property Located Between:||Vaughn Mill Road and South Watterson Trail|
|Largest Nearby Street:||Outer Loop|
|Proximity:||1 mile||3 miles||5 miles|
Paul M GrisantiGRISANTI GROUP COMMERCIAL REAL ESTATE KCREA Member
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