Established Plumbing Company and Renovated Real Estate for Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30863837
Property Subtypes: Mixed Use, Street Retail, Vehicle Related, Other
Status: Pending/Contingent
Building Size (RSF): 2,909 SF
Gross Building Area: See Agent
Gross Land Area: 0.15 Acres
Sale Price: $655,000
Unit Price: $225.16 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 2/26/2024

Overview / Comments

We are pleased to present a plumbing company and flexible commercial space for sale.

The property features, 2,909SF of renovated office and shop/warehouse space in the growing Wilder Park neighborhood seconds away from Churchill Downs.

This property is currently owner-occupied. The business and real estate are being sold as a package, offering a unique opportunity for an individual looking to expand or get started as a business owner. With over 15 years of history, the plumbing business features a loyal customer base, consistent cash flow, dedicated employees, and an overflow of work requests despite its lean operation.

AT THIS MOMENT, THE SELLER IS NOT OPEN TO SEPARATING THE REAL ESTATE WITHOUT A BUSINESS BUYER. THEY ARE TO BE SOLD AS A PACKAGE.

Price Breakdown:
Real Estate: $325,000
Business: $330,000

Property Highlights:
- Garage space to park 5 trucks/vans
- Storage room for inventory and parts
- Office space for up to 4 administrators
- Renovated in 2020
- Exterior metal siding
- 2 bathrooms
- Security system
- Interior office space is fully insulated
- Abundance of storage solutions on the wall
- Roof is older, some patchwork has been completed recently
- 3 operational drive-in bays with motorized doors (one on front and one on the back of the building)
- 5 Total - 2 are in working condition but currently blocked off and not used

Business Highlights:
- High Market Demand
- Brand Reputation
- Strong Team
- Assets and Inventory Included

See the attached flyer for more information on the business opportunity.

Revenue of $690,811 in 2022.
Seller's discretionary earnings of $214,117 in 2022.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson County
Tax ID/APN: 055E01060000
Zoning: R-6 - Residential Multi-Family District
Retail Clientele: General, Business
Property Located Between: Churchill Downs and Cardinal Stadium
Property Visibility: Excellent
Largest Nearby Street: S 3rd St
Highway Access: I-65 / 264
Airports: Louisville International Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,909 SF
Property Condition: Good
Year Built: 1920
Year Renovated: 2020
Roof Type: Gable
Construction/Siding: Brick/Aluminum Siding
Total Parking Spaces: 6
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Renovated in 2020, two bathrooms, office space, storage space, and a shop/warehouse for company trucks and equipment.
Zoning Description: R6 - Company has a conditional use permit to operate their business.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,552 136,028 309,777
Median Age: 35.33 35.91 36.75
Households: 7,276 58,509 132,394

Contact

Photograph of Listing Agent

Cal J Lewellyn

EXP Realty LLC KCREA Member
Photograph of Listing Agent

Stephanie L Gilezan

EXP Realty LLC KCREA Member
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