Catylist ID: #30859628
Value-Add, Mixed Use Building & C-Store Business
Retail-Commercial for Sale
|Catylist Listing ID:||30859628|
|Property Subtypes:||Convenience Store|
|Building Size (RSF):||5,934 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$126.39 PSF|
|In Opportunity Zone?||Yes|
|Property Use Type:||Vacant/Owner-User|
|Sale Terms:||Cash to Seller|
Overview / Comments
Mixed-use opportunity - 5,934SF on 0.279 acres just outside of NuLu. Webbs Market, a local convenience store, has been a staple of the Phoenix Hill community for decades. The business and real estate can be purchased as a package for an owner-operator looking to start or expand their convenience store empire. The business occupies the first floor of both 944 & 942 E. Muhammad Ali Blvd, while the second story has remained vacant and requires renovation. Historically, the second story has been utilized as apartments/multifamily.
Sale includes liquor, grocery, and deli licenses, all equipment and inventory, and 3 parcels (940, 942 & 944 E Muhammad Ali Blvd).
The opportunity poses significant upside for those willing to make the necessary improvements to drive business and add additional rental revenue from the second story.
Real Estate: $550,000
Note the building itself is not generating income through leases as the owner is not paying rent to himself. The business generates $124,000.
Dylan Gilezan 502-648-7874 Dylan@gilezanteam.com
Sam Higdon 502-235-0629 email@example.com
|Nearest MSA:||Louisville/Jefferson County|
|Zoning:||C-1 - Commercial District|
|Proximity:||1 mile||3 miles||5 miles|
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