C-1 Building with 4 units & 0.652 Acres on Dixie HWY!

Retail-Commercial for Sale
Catylist Listing ID: 30716537
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 8,439 SF
Gross Land Area: 0.65 Acres
Sale Price: $375,000
Unit Price: $44.44 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/2/2021

Overview / Comments

Don't miss this opportunity! This free standing C-1 building has 4 units & 0.652 of an Acre on Dixie HWY! This property is in need of some repair, but will be a great investment for the next owners. Priced affordably for redevelopment opportunities as well. Unit one is located on the first floor with retail space, small office, 1/2 bath and warehouse with loading dock. Unit 2 has first floor retail with office and 1/2 bath. Unit 3 has multiple small offices and 1/2 bath, & emergency exit. Unit 4 has lots of windows, plenty of sqft, a few offices and could be converted into an apartment. All units are in need of some renovation, this property is being sold AS-IS. There are 4 separate LG&E meters and 2 water services for building. The possibilities are endless for redevelopment at this site: self storage, retail, or multifamily.

New dumpster enclosure installed 2020. Roof replaced in 2017, 2 HVAC replaced 2014 another replaced in 2012, & building was treated for termites in 2011.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 115100340000 & 115100480000
Zoning: C-1 - Commercial District
Retail Clientele: Business, Other
Property Located Between: Johnsontown Rd and Euclid Ave
Property Visibility: Excellent
Largest Nearby Street: Dixie HWY
Feet of Frontage: 111
Traffic/Vehicle Count: 45,000
Highway Access: Located on Dixie HWY, 3.7 miles to Gene Snyder 265, 10 miles to Watterson EXPY 264.
Airports: Louisville International Airport 10 miles away
Site Description: This free standing C-1 building has 4 units & 0.652 of an Acre on Dixie HWY! This property is in need of some repair, but will be a great investment for the next owners. Priced affordably for redevelopment opportunity as well. All units are in need of some renovation, this property is being sold AS-IS. The possibilities are endless for redevelopment at this site: self storage, retail, or multifamily.
Area Description: Dixie Highway is a highly desirable submarket boasting some of Louisvilleā€™s highest traffic counts, large surrounding residential neighborhoods within walking distance, local & national
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Year Built: 1969
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Block and siding 2 story building
Total Parking Spaces: 5
Parking Type: Surface
Parking Description: 5 parking spots out front. Additional parking on gravel in rear or side of building.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Interior Description: 4 total units. Unit one located on first floor with retail space, small office, 1/2 bath and warehouse with loading dock. Unit 2 has first floor retail with office and 1/2 bath. Unit 3 has multiple small offices and 1/2 bath, & emergency exit. Unit 4- Large unit with lots of windows, there are a few offices. Sold as-is, renovation is needed.
Zoning Description: C-1. This building has been used for retail and office in the past.
Lot Frontage: 111.56ft
Lot Depth: 328.67 ft
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Easements Description: Utility easement located at the front of the building.
Legal Description: Block1151, Lot 0034 & Lot 0048, Sub lot 0000, Deed Book 7429 & Page number 0734

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,148 66,497 137,396
Median Age: 40.4 38.47 37.92
Households: 4,419 26,163 54,953

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.