E 10th St Jefv at Light- Across from River Ridge

Retail-Commercial for Sale
Catylist Listing ID: 30753056
Property Subtypes: Free-Standing Building, Vehicle Related
Building Size (RSF): 1,802 SF
Gross Building Area: See Agent
Sale Price: $170,000
Unit Price: $94.34 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2021

Overview / Comments

Located across from River Ridge Commerce Center (see attached link) at a stop light on E 10th Street (same as 5807 Hwy 62). Fantastic growth area for the next 20 plus years. Previous use was an auto service center and used as commercial some 45 years ago. Though it currently shows as residential zoning, However the adjacent land is C-2 commercial zoning. There is still a commercial bldg on site that has been on site since the late 50's. Owner will consider a "Build to Suit" with approved plan. Owner may consider an option whereas he can provide an option that allows a Buyer to purchase the building and the Seller and his contractor may assist with plans to complete the Buyers renovation at an agreed price as a package.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-42-03-700-209.000-039
Zoning: R-1 RESIDENTIAL (USED AS COMMERCIAL 45YRS)
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Hyw 62
Highway Access: Quick access to I-265 which is a short trip to I-65 and I-64 plus all bridges to Kentucky in the Louisville Jefferson County are a 5 minute trip as well.
Airports: Louisville International, Clark County Regional Airports
Site Description: The site is a single parcel, 1802SF concrete block structure that needs renovation. Bldg is situated up front balance of the property is behind bldg. Light at the corner. Across from River Ridge Commerce Center.
Area Description: (RRCC) River Ridge Commerce Center is across the street. A simple tour of RRCC you would quickly see the potential of this site for a small drive-thru for coffee and donuts, a quick taco or wrap. Requires City approval.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,802 SF
Property Condition: Excellent
Construction/Siding: Block
Exterior Description: Concrete block basic rectangular shape with multiple entry doors, overhead garage doors and is set up like an auto service and or sales center.
Parking Type: Surface
Parking Description: When seeking approval, you should have a lot layout done professionally to maximize the required and or allowed parking or stacking for drive thru if approved.
Heat Type: Natural Gas
Interior Description: Also concrete block finish inside, open for the most part, 3-4 work bays with overhead garage doors and a small reception area at the front door.
Zoning Description: R-1 Residential Single FAmily. However as mentioned above it has been used as commercial for over 50 years and the bldg has been there since though not actively used recently. It adjoins a C-2 Commercial property at the light.
Legal Description: GT. 37 0.25A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,924 22,452 86,073
Median Age: 36.22 37.12 39.35
Households: 1,784 9,149 34,849

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