NNN Investment Opportunity in Bardstown, KY

Retail-Commercial for Sale
Catylist Listing ID: 30545265
Property Subtypes: Free-Standing Building, Mixed Use, Service Station/Gas Station, Other
Building Size (RSF): 3,230 SF
Gross Building Area: See Agent
Gross Land Area: 0.91 Acres
Sale Price: $269,000
Unit Price: $83.28 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/9/2021

Overview / Comments

Named, Best Small Town in America, this property in Bardstown, Kentucky is the perfect investment piece. Not only is Bardstown the most Beautiful Small Town in America, it is also Bourbon Capital of the World. With Bardstown's tourism increasing at a rapid rate, this is the time to buy. This large, freestanding building, is equipped with a 1,380 SF finished apartment. The apartment contains a living room, 2 bedrooms, kitchen, and 1 bathroom.

The real benefit to this property is a true NNN. Tenant started 3 year lease in 2020. Perfect Investment piece in a desirable area and steady income flow.

Additional Details

Nearest MSA: Bardstown
County: Nelson
Tax ID/APN: 54000-00-111.01
Zoning: B-4
Retail Clientele: General, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Between Pennebaker Ave and Buchannan Ava on Bloomfiled Road
Property Visibility: Excellent
Highway Access: Located closely to John Rowland Blvd. and Bluegrass Parkway.
Area Description: This property is on a busy two lane road with excellent visibility, approximately 1 mile from Bardstown and located right next to a Dollar General, as well as many other businesses, shops, and restaurants. Bloomfield Road is an excellent place to be in the Bourbon Capital of the World. This location is also conveniently located to John Rowland Blvd. and Bluegrass Parkway.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1995
Roof Type: Other
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: An approximate 2,000 SF of asphalt at the building front.
Heat Type: Other
Heat Source: Heat Pump
Air Conditioning: Other
Interior Description: 2 Bedrooms, Living Room, Bathroom, and Kitchen in the finished area. Other area is used for service garage, storage, etc.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,303 15,026 20,691
Median Age: 33.69 35.56 35.74
Households: 1,322 6,046 8,218
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