Catylist ID:
#30806245
Large Multi-use Building on High Traffic Corner
Retail-Commercial
for Sale
| Catylist Listing ID: | 30806245 |
| Property Subtypes: | Mixed Use, Parking Facility, Street Retail, Other |
| Building Size (RSF): | 13,800 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $500,000 |
| Unit Price: | $36.23 PSF |
| Property Use Type: | Investment, Vacant/Owner-User, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/5/2024 |
Overview / Comments
|
Large historic building for sale. Known as "Layton Hall". This property includes two lots and road frontage on Main Street, Seventh St, and Henry Clay St. A large 12 space parking lot in rear. A total of 13800 above grade square footage 3 floors with 4400 in basement at surface level. One of the most architecturally unique and interesting buildings in the area, this property is located near a new outdoor mall, the new community center, other historic establishments, and on the same block as Stargazer Plaza – an open-air event space developed by the City of Shelbyville. The building sits on one of the busiest downtown corners in an important up-and-coming area that the City of Shelbyville has been revitalizing. Shelbyville and the downtown area are also well located to take advantage of tourism generated by the ‘Bourbon Tour’ due to its convenience to multiple destinations on that tour. Also of potential interest, this property is in an area where matching funds (up to $100,000) from the City of Shelbyville may be available to the new owner for rehab/improvements to the building. Certain conditions apply and the buyer is responsible for investigating the Downtown Reinvestment Fund and making their own determination as to potential benefits. The location, architecture, size, potential tourism, and possible matching funds make this a unique opportunity. Please contact the listing agent for more details or to schedule a showing. |
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Shelby |
| Submarket Type: | Central Business District |
| Tax ID/APN: | S10-13-001 |
| Zoning: | CBD (SHELBYVILLE) |
| Retail Clientele: | General, Business, Traveler, Tourist |
| Property Located Between: | Main Street, Seventh Street, and Henry Clay Street |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Main Street |
| Site Description: | 13,500 sq ft lot in two tracts. 380 ft of total street frontage |
| Number of Stories: | 3 |
| Property Condition: | Fair |
| Year Built: | 1891 |
| Roof Type: | Gable |
| Construction/Siding: | Brick |
| Total Parking Spaces: | 12 |
| Parking Type: | Surface |
| Sprinklers: | None |
| Heat Type: | Electricity, Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Utilities |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,529 | 19,323 | 22,858 |
| Median Age: | 37.02 | 34.83 | 36.01 |
| Households: | 2,553 | 7,092 | 8,441 |
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