Cottage Inn Restaurant

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30786048
Property Subtypes: Restaurant
Status: Pending
Building Size (RSF): 1,987 SF
Gross Building Area: 2,000 SF
Gross Land Area: 0.16 Acres
Sale Price: $525,000
Unit Price: $264.22 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2022

Overview / Comments

The Cottage Inn is a well-known location since 1929 and is being offered for a turn-key sale or lease. Indoor seating hosts approximately 50+/- seats at a time (with additional outdoor seasonal seating available) and has been a favorite of residents, UofL students and the business community for years. All fixtures and equipment to remain. The kitchen is well equipped and the lower-level basement has plenty of refrigerated and dry food storage and, condiment/utensil storage. Located at the highly visible corner of Eastern Pkwy and Bradley Avenue, there are currently 15+/- parking spaces as well as on-street parking on Bradley Avenue.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 083A02550000
Zoning: R-7 - Residential Multi-Family District
Retail Clientele: General, Family, Business
Property Located Between: Bradley Ave & Sherry Dr1
Property Visibility: Excellent
Feet of Frontage: 80
Site Description: Corner of Eastern Parkway and Sherry
Area Description: Urban mix. Located near UofL and Preston Highway
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,987 SF
Property Condition: Average
Year Built: 1929
Roof Type: Gable
Construction/Siding: Stone, Wood Frame
Exterior Description: 1929 Highlands 1 story
Parking Ratio: 15 (per 1000 SF)
Parking Type: Surface
Parking Description: Surface with some street parking
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Traditional with service bar and large seating area. Kitchen runs at the back of building with storage and additional equipment in the lower level basement.
Zoning Description: R7-TN
Lot Frontage: 81'
Lot Depth: 172'
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,165 142,037 316,006
Median Age: 33.05 35.44 36.72
Households: 6,669 62,878 136,009


Photograph of Listing Agent

Kevin J Riggle

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