Uptown Site Retail Commr

Retail-Commercial for Sale
Catylist Listing ID: 30753037
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Vehicle Related
Building Size (RSF): 720 SF
Gross Building Area: See Agent
Sale Price: $210,000
Unit Price: $291.67 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2022

Overview / Comments

Positioned in New Albanys "UPTOWN". Several National Brands at Spring and Vincennes Street. This area has been trending toward growth with the latest multi-story apartment known as Lancaster Lofts, which are unique in design and are currently under construction. Just up the street are new 2 story homes for sale also under construction. Newly renovated apartments and retail also are now open or soon will be. Locally we have an independent sport store, ice cream, pizza restaurant, bakery and then you have White Castle, Rallys Burgers, Walgreens and the Dollar General. This site is MU- Mixed Use Corridor Commercial. Lots of possibilities beyond its more recent use as a car lot. City may allow drive thru with review and approval. However, it could be that too if desired.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-02-801-899.000-008
Retail Clientele: General, Family, Business
Property Located Between: Spring and Elm Streets
Property Visibility: Excellent
Largest Nearby Street: Spring Street
Highway Access: Immediate to I-64, I-265 and I-65. Just 5 minutes and you could cross the bridge and be in Downtown Louisville KY
Airports: Louisville International, Clark County Regional Airports
Site Description: This is a 3 parcel lot that has served as a used auto sales lot. Has a storage unit that is a car port cover with doors. Just a few feet from White Castle. Area is known as Uptown New Albany.
Area Description: This is a mixed neighborhood with independent and national brands along with homes, apartments, retail shops, convenience store, restaurants, schools and more.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 720 SF
Property Condition: Good
Roof Type: Gable
Construction/Siding: Block, Vinyl Siding
Exterior Description: Basic square like structure with a few offices, restroom and is set up with multiple exits at each office since it was an auto sales business.
Parking Type: Surface
Parking Description: The lot serves as both parking and auto sales.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Basic office and restroom
Zoning Description: MU- Mixed Use Corridor Commercial- The Mixed-Use (MU) district is intended to accommodate a variety of Commercial and residential uses. Office and professional services, and higher density residential uses are encouraged within this district. Mixed-Use Buildings are encouraged. Given the various uses and densities within and adjoining the district. New Development will need to be compatible with adjacent uses.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: P 284 S 34' L 3 & N 2' L 4 & S 24' L2 N 1' L 3 #73000-04 (22-05-02-801-898.00 0-008) & S 33' L 4 #73000-06 (22-05-02-801-900.000-008)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,007 86,593 199,744
Median Age: 34.25 36.21 37.04
Households: 5,080 35,043 84,214


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