FOR SALE, INCOME PRODUCING SHOPPING CENTER

Retail-Commercial for Sale
Catylist Listing ID: 30860657
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 25,650 SF
Gross Building Area: 25,850 SF
Sale Price: $2,900,000
Unit Price: $113.06 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 1418 and 1420 Blackiston Mill Shopping Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2024

Overview / Comments

Located on the southwest side of the Blackiston Mill Center close to Lewis and Clark Parkway. Each unit has its own entryway and separate utilities. Eight of the 11 units are currently leased- three unrented units remain, two are finished out with the third as a shell with roughed-out plumbing. The center offers an abundance of parking and good visibility. The shopping center also has two permitted ready-to-build-out lots that can be purchased separately in the sale. ($3.1 Million with the out lots)

We are aggressively working to sell, NOTE: this shopping center does not include the PEDDLERS MALL PROPERTY WHICH IS A SEPARATE PARCEL AND NOT FOR SALE.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $35,000 (Annual)
Potential Rental Income $340,000 (Annual)
Gross Operating Income $250,311 (Annual)
Net Operating Income $204,311 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-24-03-100-006.000-013
Zoning: B2
Retail Clientele: General, Business, Other
Property Located Between: Lewis and Clark and Blackiston Mill
Property Visibility: Excellent
Largest Nearby Street: Lewis & Clark Parkway
Airports: Louisville International Airport/Clark County Airport
Area Description: Located in a high traffic area, with shoppers and nearby destination stores, including Bass Pro Shops and Eastern Blvd.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Excellent
Construction/Siding: Block
Exterior Description: Block and nicely updated
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,316 81,007 189,028
Median Age: 36.78 38.17 37.32
Households: 4,767 34,184 79,512
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