OFFICE BUILDING FOR SALE

Office for Sale
Catylist Listing ID: 30314967
Property Subtypes: Business Park, Office Building
Condo? Yes
Building Size (RSF): 9,000 SF
Sale Price: $485,000
Ceiling: 9 ft.
Property Use Type: Investment
Class of Space: Class B
Usable Size (USF): 9,000 SF
Sale Terms: Cash to Seller
Last Updated: 7/17/2019

Overview / Comments

The building is presently built out for two (2) tenants on the first floor and one tenant on the second floor. Second floor can be easily divided into two (2) units of 1,500 SF each. Second floor is vacant.
The Lower level consist of 3,000 SF with Six (6) windows and can be built out for office use.

One half of the first floor is presently occupied with a Lease that expires on 12/31/2020 for $2,375.00 a month. The other half of the first floor is leased through September 30, 2019 for $1,000.00 a month.

The condominium fee is $597.00 a month for the entire building.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $5,044 (Annual)
Potential Rental Income $72,000 (Annual)
Gross Operating Income $40,500 (Annual)
Net Operating Income $28,292 (Annual)

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 224501450000
Is Condo?: Yes
Zoning: C-1 - Commercial District
Property Located Between: Townepark Way and Ulrich Avenue
Property Visibility: Good
Highway Access: About 1 mile West of Gene Snyder Freeway
Airports: Louisville International Airport
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 3,000 SF
Year Built: 1999
Roof Type: Hip
Construction/Siding: Brick
Exterior Description: Brick
Parking Ratio: 25 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample parking in front of the building
Total Parking Spaces: 25
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: The vacant second floor consist of two (2) reception areas, 7 offices, conference room, work room, two (2) break areas, and two (2) restrooms. The Lower level is unfinished with Six (6) windows and could be built out for offices.
Zoning Description: C-1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,468 43,851 157,351
Median Age: 43.31 43.46 40
Households: 1,910 18,011 64,734

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