Commercial Corner At W Ashland & Mapleton Ave

Retail-Commercial for Sale
Catylist Listing ID: 30818912
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 2,850 SF
Gross Land Area: 0.23 - 0.25 Acres
Sale Price: $210,000
Unit Price: $73.68 PSF
Property Use Type: Investment
Building Name: Old Rascals Neighborhood Bar
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/29/2023

Overview / Comments

2326 Sq Ft currently used as a bar/restaurant/beauty shop.
The whole property has been leased by the current tenant since August 2019, and they have until August 20, 2024, with a five-year extension option at that time.
The tenant currently pays the building owner $1400 a month, but it will go to $1600 if the tenant extends beyond August 20, 2024.
Under lease, the building owner is responsible for the roof, taxes, and insurance.
The roof & front facade replaced in 2020.
No seller financing. Serious inquiries only.
Buyer to verify all information including but not limited to the property, taxes, zoning, licenses and lease.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson County
Tax ID/APN: 053F01400000
Zoning: C-1 - Commercial District
Retail Clientele: General, Family, Business, Traveler
Property Located Between: Southern Parkway & Taylor Blvd
Property Visibility: Good
Largest Nearby Street: Taylor Blvd/Watterson Expressway
Feet of Frontage: 100
Site Description: Approximately .25 Acre
Area Description: Approximately .25 Acres At The Corner of W Ashland & Mapleton Ave
Tenancy: Multiple Tenants
Property Condition: Good

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,863 116,001 289,477
Median Age: 34.76 36.12 36.76
Households: 10,665 48,156 123,102


© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions.