St. Matthews Investment Property

Shopping Center for Sale
Catylist Listing ID: 30371933
Property Subtypes: Mixed Use
Building Size (RSF): 19,734 SF
Gross Land Area: 0.88 SF
Sale Price: $2,200,000
Unit Price: $111.48 PSF
Property Use Type: Investment
Building Name: Jack's Restaurant Building
Sale Terms: Cash to Seller
Average Occupancy Rate: 90
Last Updated: 2/4/2019

Overview / Comments

Located at 120 Sears Avenue in the highly desirable area of St. Matthews, this is a rare opportunity to own an investment property with both retail and office use.

Average occupancy is around 90%.

Sears Avenue intersects with Shelbyville Road in the densely populated City of St. Matthews, which is home to single family residential, multifamily, and retail. In fact, Mall St. Matthews, Oxmoor Center, Shelbyville Road Plaza, Bluegrass Manor and more, form the nucleus of one of the largest retail sectors in the state of Kentucky.

Multiple leases, both office and retail, allow for maximum flexibility in managing this investment property.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Zoning: C-1 - Commercial District
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Shelbyville Road

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,081 103,224 279,088
Median Age: 40.99 41.46 40.45
Households: 6,768 48,129 125,391
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