Dixie HWY Large Retail Opportunity/1.5 acres/C-2

Retail-Commercial for Sale
Catylist Listing ID: 30754147
Property Subtypes: Free-Standing Building
Building Size (RSF): 16,008 SF
Gross Land Area: 1.51 SF
Sale Price: $1,250,000
Unit Price: $78.09 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/1/2021

Overview / Comments

Highly visible free-standing building now available for Sale on busy Dixie Highway. Excellent visibility, ample parking, easy access, noticeable signage, & more. Conveniently located on Dixie Highway and surrounded by local & national restaurants, several national big box tenants and great nearby amenities in the Dixie Highway commercial corridor. Dixie Highway is a highly desirable submarket boasting some of Louisville’s highest traffic counts. The building consists of +/-16,008 SF on +/- 1.51 acres, zoned C-2. This location has served as a successful retail furniture store for over 55 years. Current layout consist of large product display areas, customer service / check-out counter, sales office, restroom, and two rear storage warehouse areas. There are product display/showroom areas consists of approximately 14,028 square feet. Two rear storage warehouse areas with loading doors combine of approximately 1,980 square feet. If you are looking for profitable place to locate your business, or develop on desirable land, this property is a great candidate. This building is ideal for many potential tenants: any larger retail store, furniture store, warehouse/showroom space, home improvement company, builder showroom/roofing/cabinetry/flooring retailer etc. Owner could possibly be open to leasing/owner financing.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Zoning: C-2 - Commercial District
Retail Clientele: General, Business
Property Located Between: On Dixie Highway between Valley Station Road and the Interstate 265
Property Visibility: Excellent
Largest Nearby Street: Valley Station Road & 1.2 miles to interstate 265
Feet of Frontage: 100
Traffic/Vehicle Count: 28,500
Highway Access: 1.2 miles to interstate 265 (Gene Synder Freeway), 10 miles to interstate 264 (Henry Watterson Expy), 11 miles to interstate 65 (Dr. Martin Luther King, JR Expy).
Airports: 12 miles to Louisville International Airport
Site Description: The subject property is located on the east side of Dixie Highway in the section running between Valley Station Road to the north and the Interstate 265 (Gene Snyder Freeway) to the south. Within Pleasure Ridge Park neighborhood, in Louisville, Jefferson County, Kentucky.
Area Description: Dixie Highway is a highly desirable submarket boasting some of Louisville’s highest traffic counts, large surrounding residential neighborhoods. Located near local & national restaurants, several national big box tenants.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1954
Roof Type: Flat
Construction/Siding: Block
Exterior Description: This site is improved with a one-story, masonry concrete block, commercial retail building currently. The building consists of approximately 16,008 square feet of gross building area on a full, concrete slab foundation.
Total Parking Spaces: 8
Parking Type: Surface
Parking Description: Asphalt front parking lot to accommodate approximately eight vehicles. Additional asphalt/gravel driveway with large overflow parking available in rear gravel lot area. Perfect for large trucks and deliveries.
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Utilized as a Winner Furniture store, therefore, the building floor plan is with large product display areas, customer service / check-out counter, sales office, restroom, and two rear storage warehouse areas. The product display/showroom areas consists of approximately 14,028 square feet of gross building area and have three large open areas. Interior finish is with carpet/tile flooring, drywall/concrete block perimeter walls, and acoustical tile ceilings with fluorescent lighting. Approximately 4,980 square feet (36%) of the display/showroom areas towards the rear of the building have no ductwork for heat and central air conditioning ventilation.The front display/showroom area, customer service area, and manager’s office, are heated/cooled by a package HVAC unit situated on the roof of the building. The two rear storage warehouse areas combine of approximately 1,980 square feet of gross building area (840 SF & 1,980 SF) and are serviced with two overhead doors at grade. Interior finish is with concrete slab flooring, concrete block/drywall walls, open joist metal and wood ceilings, and fluorescent lighting. These areas have no permanent heat source.
Zoning Description: The subject properties are currently zoned as C-2, Commercial District, which permits a variety of commercial retail and office uses. Residential single & multi-family uses are allowed also within this district. Industrial uses are not permitted within this zoning classification. The subject’s current use as a commercial retail facility is operating in conformance with the C-2, Commercial District rules and regulations.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,947 48,974 94,774
Median Age: 35.91 38.43 38.54
Households: 5,300 18,838 37,319

Contact

Photograph of Listing Agent

Christina B Neubauer

Homepage Realty KCREA Member
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