Bar/Restaurant/Multi-Use - Zoned C-1

Retail-Commercial for Sale
Catylist Listing ID: 30772066
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 3,300 SF
Gross Building Area: See Agent
Sale Price: $229,900
Unit Price: $69.67 PSF
Ceiling: 9 ft.
Property Use Type: Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/25/2021

Overview / Comments

Welcome to 1227 Arcade Avenue. This 3,300 sq. ft. property is an excellent investment opportunity. This building has been used as a bar/restaurant and gym in the past. The restaurant side contains a 29’ bar with lots of equipment remaining including a Vulcan oven and large walk-in freezer. There are also 2 bathrooms and a storage closet. The other side of the property has a large front reception room, huge multi-use space, and rear office with 2 storage closets and bathroom. At the rear of the building is a 800 sq. ft. garage. This great location is just a few blocks from Churchill Downs and less than 5 minutes from UofL.

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Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 063L00160000
Zoning: C-1 - Commercial District
Retail Clientele: General, Family, Business, Recreation, Other
Property Located Between: Churchill Downs & S. 7th Street
Property Visibility: Good
Largest Nearby Street: Taylor Boulevard & Central Avenue
Highway Access: Close to I-65 & I-264
Airports: Louisville International Airport - 3.5 Miles
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1977
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Lot Frontage: 80
Lot Depth: 141
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,418 135,168 294,334
Median Age: 34.77 35.81 36.59
Households: 9,065 57,309 125,150

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