Commercial Storefront w/ 2 Apartments

Retail-Commercial for Sale
Catylist Listing ID: 30662985
Property Subtypes: Restaurant
Building Size (RSF): 4,300 SF
Gross Land Area: 2,700 SF
Sale Price: $280,000
Unit Price: $65.12 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Usable Size (USF): 4,300 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/1/2020

Overview / Comments

This property located in historic downtown Carrollton, KY has recently undergone a masterful renovation. The 1st floor features 1900 sqft of commercial space currently set up for a restaurant style business. The restaurant area has been approved by the local health dept and has everything you need to get started including nearly new CaptiveAire hood & Ansell fire suppression system, commercial American 6 burner gas range/oven, commercial American deep fryers, commercial refrigerator, commercial dishwashing station, ice maker, Coca-Cola soft drink machine, Gas fireplace & 65" TV in the dining area and much more. There are literally tens of thousands of dollars worth of equipment included with this sale. The renovation also includes new wiring, plumbing & HVAC. There are handicap accessible restrooms for men & women as well as an employee restroom. There is 900 sqft of usable storage in bsmt. The renovation has been beautifully & tastefully done with many updates and all the modern conveniences while maintaining the historic feel of the original structure.
The second floor has 1500 sqft and features 2 residential apartments currently rented for $1000 per month each. Both apts. feature 2 BR, 1 Bath, Kitchen & Living Rm. The residential units alone should cover your mortgage payment.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Carroll
Taxing Authority: Carrollton, KY & Carroll County KY
Tax ID/APN: C1-12-14
Zoning: COMMERCIAL-MIXED USE
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Located Between: Court & 4th
Property Visibility: Excellent
Largest Nearby Street: Highland Ave
Feet of Frontage: 28
Highway Access: This property is located only 5 miles from I-71 at exit 44.
Airports: Located halfway between Louisville Int. Airport 1Hr & Cincinnati/NKY Int. Airport - 1 hr
Area Description: Carrollton is a quaint little river town located at the confluence of the Ohio & Ky Rivers and halfway between Louisville & Cincinnati. Due to the availability of rail, interstate and waterway, along with being geographically located between 4 major cities, Carrollton is home to a significant amount of industry for a town this size and therefore provides for many more business patrons than its population might suggest.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,700 SF
Property Condition: Excellent
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Block, Brick
Parking Type: Other
Parking Description: Street Parking
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Lot Frontage: 28
Lot Depth: 96
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Of Record
Land Ownership: Owned
Legal Description: C1-12-14 DB 211, Pg 459

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,778 4,452 9,976
Median Age: 35.47 36.65 38.49
Households: 635 1,708 3,790

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