Sellersburg- Live, Work & Play

Retail-Commercial for Sale
Catylist Listing ID: 30631916
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 1,309 SF
Gross Building Area: See Agent
Sale Price: $210,000
Unit Price: $160.43 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2020

Overview / Comments

Sellersburg is Small Town USA. Just off of I-65 and Charlestown Rd and its near the Downtown, schools, library, churches and residential. Near lots of various national brand restaurants and close to shopping. This area has been growing quickly with residential single-family homes and more recently new apartments. There are more of both planned. Sellersburg has a new (and first) Town Manager, Charlie Smith, which is like a Mayor, but he works closer with Town Council Members for direction and decisions. Charlie Smith been in place since Feb 2020 and is working to put an aggressive growth plan in place. They are working to update their 40 year comprehensive plan, updating their planning and zoning along with efforts to update a direction for redevelopment for several areas with planned growth and possibly a new Town Hall location.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-17-11-100-219.000-031
Zoning: B-1 LOCAL BUSINESS
Retail Clientele: General, Family, Business
Property Located Between: Hauss St and Utica Street
Property Visibility: Excellent
Largest Nearby Street: Hwy 31 aka Indiana Ave
Highway Access: Actually on a State Hwy aka Indiana Ave. You are also less than a mile from I-65 which is just short distance to I-265 and I-64 taking you to Louisville within 5 minutes or less.
Airports: Louisville International, Boman Field and Clark County Regional Airport
Site Description: Corner lot walking distance to Downtown. Next to Catholic School. Surrounded by other nearby retailers that are both local and national brands. This is a very big lot and may allow for additional expansion with Town approval. This building can be separate retails and residential. You can live in the back and have a business out front or it can all be business.
Area Description: Sellersburg is poised for growth on both sides of I-65 to include the Downtown area. Take a look at their newly updated Comprehensive Plan (soon to n=be released once approved) and the Camp Run Commons Development taking place on the west side of I-65.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,309 SF
Property Condition: Average
Year Built: 1940
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Brick, typical look that would double as a business and or residential unit. Porch on the side and a large yard.
Parking Type: Surface
Parking Description: Parking- Some off street parking in front and on the side. There is a covered are to pull up in front.
Interior Description: Layout is such that you could have 1 or 2 smaller tenants up front and residential tenant in the back part. You could use the entire space for retail and office. Just check B-1 permitted uses.
Zoning Description: Zoning is B-1 Local Business. (See attached document link to view permitted uses)
Water Service: Municipal
Sewer Type: Municipal
Legal Description: DIETRICH'S ADD. LOTS 20-21 2ND, PART OF VACATED ALLEY

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,692 18,051 49,615
Median Age: 39.33 37.65 37.56
Households: 1,113 6,602 18,906

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