Duplex for Sale at Payne and Baxter

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30868928
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Street Retail
Status: Pending/Contingent
Building Size (RSF): 3,100 SF
Gross Building Area: See Agent
Sale Price: $600,000
Unit Price: $193.55 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/7/2024

Overview / Comments

The first floor of this building has been the home of Renaissance By Design for over 28 years and the second floor was rented for office space.

The building will be vacant by the end of May 2024.

There are dual meters, zoned HVAC, an exceptional oversized garage, large storage cellar and off street parking, a fenced side yard with gazebo too!

1996 - Complete renovation: Gas, Electric, Water, sound system, alarm system, windows, plumbing, HVAC, roof. Gas furnaces, one water heater and stove.

1999-Created parking lot and pad for future garage and 6' iron fence.

Around 2001?-Built a two story addition over the Garage increasing the office space to the second floor.

2007-Built the limestone based Gazebo in the side yard.

2015-New Roof

2018-New AC for the second floor.

2019-New Sump Pump and Water Heater.

2022-New UV film on Front Display Windows.

Potential Uses for Building:

Convert second floor to an apartment. It's on a separate meter which includes the garage. Already has a gas line installed in front room (by fake fireplace). Possible to add shower area by the bathroom and add stairs to garage through the storage area in addition giving access to garage and back yard.

First Floor with loft has been Retail with office and kitchen.

Small restaurant possible with office in loft, showroom seating and outdoor garden area seating with a garden gate entrance.

First Floor apartment - share the garden area with second floor.

Notes: Cellar is finished with concrete floor, sump pump, and HVAC ventilation and has been great storage.

There is also a locked storage area under the stairs to the second floor on Payne Street side.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson County
Tax ID/APN: Jnj068CSROW0000
Zoning: C-N - Neighborhood Commercial District
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Corner of Baxter Avenue and Payne
Property Visibility: Excellent
Largest Nearby Street: Bardstown Road
Feet of Frontage: 40
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1927
Year Renovated: 1996
Roof Type: Gambrel
Total Parking Spaces: 6
Parking Type: Structure, Surface
Parking Description: Six off Street parking spaces.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: It is the responsibility of the Buyer(s) to verify that this property is zoned properly for the intended use it was purchased for.
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,802 126,947 316,538
Median Age: 34.27 36.74 37.45
Households: 7,484 57,981 138,416


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