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: 11/4/2022

Overview / Comments

2326 Sq Ft currently used as a bar/restaurant.
It has been leased by the current tenant since August 2019 and the current leasee has two years left on the lease with a five year option... which would be until August 20, 2024 at $1600/mo. The tenant pay $1400 a month currently. Under lease the building owner is responsible for the roof, taxes, insurance.
524 Sq Ft currently used as a beauty shop and they pay $500/mo on a Month to Month Lease to the lessee.
Roof & front facade replaced 2 years ago.
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

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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


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