Norton Commons Commercial Space

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30556638
Property Subtypes: Mixed Use, Other
Condo? Yes
Building Size (RSF): 1,540 SF
Gross Building Area: See Agent
Sale Price: $379,999
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/25/2020

Overview / Comments

Rare opportunity to own affordable Commercial Space in Norton Commons without the hassle of a residential component! This space is located on the main commercial corridor and just steps away from the Norton Commons Town Center. Although currently retail space, the flexible floor plan allows for many uses that can perfectly suit your business needs. The property has great investment potential with current commercial rental rates in the area between $21-$25psf. The current tenant is relocating into a larger space in Norton Commons to accommodate its rapid growth since opening this location.

The current layout includes 760sf showroom/780sf office with high end finishes. Features: 12ft ceilings (currently 9.5 feet with a false ceiling), one dedicated parking space near rear egress/ingress, condo structure with shared water/sewer expenses, separate electric meter. The business use is subject to Norton Commons Village approval and fees. The property is available for possession in early July 2020; however, the current tenant is willing to leaseback through the possession date if closing was to occur prior.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 384604280000
Is Condo?: Yes
Zoning: PVD - Planned Village Development District
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Construction/Siding: Brick
Parking Type: Other
Parking Description: 1 dedicated parking space plus street parking
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,710 50,710 125,489
Median Age: 37.97 40.08 40.89
Households: 1,565 20,282 50,608

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