2 RETAIL BUILDINGS ON 1.48 ACRE

Retail-Commercial for Sale
Catylist Listing ID: 30871948
Property Subtypes: Street Retail, Other
Building Size (RSF): 9,425 SF
Gross Land Area: 1.25 - 1.50 Acres
Sale Price: $475,000
Unit Price: $50.40 PSF
Property Use Type: Investment, Business
Building Name: Some Where In Tyme
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/27/2024

Overview / Comments

Fantastic location on S Main Street with an acre of private parking in rear. Has been used as the "Some Where In Tyme" antique store for the last 12 years. These adjoined buildings have 3 pass-thrus on the first floor with the upstairs separated. Zoned commercial. Buildings have separate electric, water & HVAC systems and could be divided by new owner (operate half & rent half to cover overhead).

5241 S Main - (130'x31') 4216 sf on main level and 1829 sf upstairs for a combined 6045 sf. This was a former movie theatre and has two staircases (front and back) leading upstairs. The original balcony in the front of the building has a concrete floor. First floor has a half bath and 2-3 dressing rooms.

5243 S Main - (130'x26') has 3380 sf. Main floor has a half bath and separate washer hookups with 220v. Upstairs is a large unfinished loft with a small area of flooring.

Combined Square Footage - 9,425

New roof was just installed in January 2024. The facade of both buildings have been redone as well.

The owners are retiring after many happy years. Business is NOT for sale but the inventory is negotiable.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Henry
Tax ID/APN: 030-30-03-006.00
Zoning: COMMERCIAL
Retail Clientele: General, Family, Traveler
Property Located Between: Fairview Ct & Bell Lane
Property Visibility: Excellent
Largest Nearby Street: Broadway
Feet of Frontage: 57
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Average
Year Built: 1938
Roof Type: Flat
Construction/Siding: Brick
Parking Description: Overhead view of lot in pictures
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Easement to parking at end.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,885 3,628 8,834
Median Age: 36.03 37.3 40.86
Households: 1,135 1,419 3,423

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