1002 Barret Avenue / 1224 E. Kentucky Street

Office for Sale
Catylist Listing ID: 30165321
Property Subtypes: Mixed Use
Building Size (RSF): 8,037 SF
Gross Land Area: 0.21 Acres
Sale Price: $705,000
Unit Price: $87.72 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 7.75%
Last Updated: 10/15/2018

Overview / Comments

This is an outstanding mixed-use investment opportunity in the Highlands. The building wraps around the corner property at Barret Avenue and Kentucky Street. There are entrances and parking spaces off both streets. This property has two retail tenants and one apartment. All three spaces are leased, with the largest portion of the building anchored by a solid, ten year lease. Tenant is just in year two of that lease. The apartment upstairs is a 3 bed/2 bath and has been completely re-done by the current owners. Property is professionally managed and shows well.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 025C00900000
Zoning: C-2 - Commercial District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,497 132,390 321,006
Median Age: 35.73 36.69 36.96
Households: 10,051 60,610 139,630
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