South End Investment

Retail-Commercial for Sale
South End Investment
Catylist Listing ID: 30716855
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 2,600 SF
Gross Building Area: See Agent
Gross Land Area: 10,200 - 10,500 SF
Sale Price: $210,000
Unit Price: $80.77 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 3/20/2021

Overview / Comments

This is a rare find in Louisville's South End. A commercial property adjacent to a
a nice quite neighborhood. Minutes from I-264 and Churchill Downs. Two rental units, currently a bar/tavern and a beauty salon. A single tenant @ $1400 per month, a 41/2 year lease. Owner has made lots of upgrade, including a new roof, total renovation of beauty shop space, and new awning/facade.

The lot configuration lends itself to a potential drive-thru facility.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson
Tax ID/APN: 11053F0135 and 11053F0140
Zoning: C-1 - Commercial District
Retail Clientele: Business
Property Located Between: Taylor Blvd. and Southern Parkway
Property Visibility: Excellent
Largest Nearby Street: Taylor Blvd
Feet of Frontage: 80
Highway Access: 1 mile from !-264 W @ Taylor Blvd. South
Airports: SDF 4 miles
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Renovated: 2020
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Side and front parking 10-12. Rear parking 8-10
Heat Type: Natural Gas
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: C-1
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Same

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,863 116,001 289,477
Median Age: 34.76 36.12 36.76
Households: 10,665 48,156 123,102

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