3035 Preston Highway

Retail-Commercial for Sale
Catylist Listing ID: 843943
Property Subtypes: Street Retail
Building Size (RSF): 4,878 SF
Sale Price: $730,000
Unit Price: $149.65 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.2%
Last Updated: 3/6/2019

Overview / Comments

100% leased triple net retail center

Financials

Finance Data Year 2010
Net Operating Income $67,020 (Annual)
Finance Data Year 2007
Net Operating Income $67,020 (Annual)

Additional Details

Nearest MSA: Louisville-Jefferson County
County: Jefferson
Submarket Type: Airport District
Tax ID/APN: 084F01610000
Zoning: C-2 - Commercial District
Market Type: Mega
Retail Clientele: Business
Property Located Between: Hess and Preston
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: Eastern Parkway
Transportation: Bus, Highway
Highway Access: I-65, Watterson Expressway
Site Description: Street front retail building
Area Description: Neighborhood
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,878 SF
Property Condition: Excellent
Year Renovated: 2005
Roof Type: Flat
Exterior Description: Drivit exterior, totally renovated in 2005
Total Parking Spaces: 22
Parking Type: Surface
Parking Description: meets codes
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,041 134,489 329,846
Median Age: 38.14 36.07 36.73
Households: 5,453 59,929 142,343

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