Medical/Office Facility on I-264 For Sale

Office for Sale
Catylist Listing ID: 30863835
Property Subtypes: Coworking, Governmental, Medical, Office Building, Research & Development
Building Size (RSF): 6,298 SF
Gross Building Area: See Agent
Gross Land Area: 1.18 Acres
Sale Price: $1,600,000
Unit Price: $254.05 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/3/2024

Overview / Comments

This medical office opportunity contains I-264 frontage at the busy intersection of Newburg Road and Bishop Lane. This centrally located facility is ideal for an owner-occupant or investor. With over 8,000 sq ft, the building may be demised to allow for multiple tenants or users. The finished first floor contains 6,298 sf and the unfinished second floor contains 2,495 sf.

Two large signs overlook I-264 at one of the highest traffic count locations in the state. A 0.3 acre vacant tract abuts the property with potential to expand parking or square footage.

Highlights Include:
- 12 exam rooms
- 8 offices
- X-ray room
- Nurse station
- Unfinished second floor of 2,495 sf
- 0.3 acre vacant parcel attached
- Two Large signs overlooking I-264
- Centrally located with easy highway access

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 087G01890001
Zoning: OR-3 - Office/Residential District
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2003
Roof Type: Gable
Parking Type: Surface
Parking Description: - Surface parking lot - 40 spaces - Additional lot has the ability to create more parking
Total Parking Spaces: 40
Sprinklers: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,812 115,969 309,902
Median Age: 42.25 38.18 37.59
Households: 5,533 51,738 137,772
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