Neighborhood Retail Center 100% Leased For Sale

Shopping Center for Sale
Catylist Listing ID: 30806558
Property Subtypes: Community Center, Mixed Use, Neighborhood Center, Net Leased, Power Center, Strip Center, Other
Building Size (RSF): 14,389 SF
Gross Land Area: 0.73 Acres
Sale Price: $1,500,000
Unit Price: $104.25 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Park Centre Plaza
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2022

Overview / Comments

Investment Buyers, this one is for you!
This well-maintained 100% Leased Retail Shopping Center /Investment Opportunity is available, located at the high traffic corner of 8th Street and W. Broadway with proximity to the downtown YMCA, The Brown Hotel/Theater and across from the LG&E building with ample parking and excellent visibility. This multi-tenant property has a strong tenant mix, some who have been in the center for more 7-10 years- which includes a Cricket mobile phone store, barber shop, nail salon, Nurse Practitioner group/ health care specialists, Peach Cobbler Factory, Hair Stylist, and financial service provider.
*Peach Cobbler may be changing their use.

Contact listing agents for details on the leases and more information.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Submarket Type: Central Business District
Tax ID/APN: 013J01140000
Zoning: C-3 - Commercial District
Retail Clientele: General, Family, Business, Traveler, Recreation, Other
Property Located Between: 8th Street and Roy Wilkinson Avenue
Property Visibility: Excellent
Largest Nearby Street: W Broadway
Feet of Frontage: 189
Traffic/Vehicle Count: 24,457
Highway Access: Easy access to I-64 via Roy Wilkinson Avenue
Airports: Louisville International Airport
Site Description: 100% occupied, multi-tenant retail center with solid tenant mix, high traffic counts and excellent visibility.
Area Description: Busy Commercial /Office area of W Broadway, just down from the Courier Journal and across from the LG&E building, zoned C-3.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1997
Roof Type: Other
Parking Type: Surface
Parking Description: 28 Parking spaces, Surface Lot
Total Parking Spaces: 28
Zoning Description: C-3 zoning
Lot Frontage: 189
Water Service: Municipal
Sewer Type: Storm

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,017 137,461 301,854
Median Age: 35.55 35.45 37.01
Households: 10,336 59,369 130,248
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