Frankfort Avenue Investment Offering

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30192415
Property Subtypes: Mixed Use, Street Retail, Other
Status: Pending
Condo? Yes
Building Size (RSF): 3,413 SF
Gross Building Area: See Agent
Sale Price: $1,175,000
Property Use Type: Investment
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: 8.0%
Last Updated: 10/15/2018

Overview / Comments

The offering includes five leased commercial condominium units of a mixed-use development completed in 2007 (two remaining commercial units are owned separately). Privately owned luxury residences are located above the street level retail condominiums; all are members of an operating condo association comprised of 17 units in two adjacent buildings.

Featuring a limestone facade with striking black storefronts, the high end retail shops have become a landmark in Crescent Hill. The fashionable address provides tenants with maximum visibility, immediate street parking, and an attractive promenade, conforming to the walkable retail district of Frankfort Avenue.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 071G00280000
Is Condo?: Yes
Zoning: C-1 - Commercial District
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,340 108,852 293,481
Median Age: 39.05 40.07 38.88
Households: 7,666 51,208 131,948


Photograph of Listing Agent

Justin R Phelps

Hogan Real Estate KCREA Member
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