125 E Main St

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30369141
Property Subtypes: Mixed Use, Street Retail, Other
Status: Pending/Contingent
Building Size (RSF): 3,300 SF
Gross Land Area: 0.07 Acres
Sale Price: $300,000
Unit Price: $90.91 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/8/2019

Overview / Comments

Excellent retail building in Historic downtown LaGrange, Kentucky. This property has been well maintained and is continually leased. There are 3 units in the building which include: an art gallery on the first floor (front), hair salon on the first floor (rear) and a studio/office on the second floor which also includes a kitchen, restroom, and 2 offices. The basement was added by the current owners to provide dry storage for tenants; it is also accessible from the rear of the building.

Property is 100% occupied. Tenants pay gas, electric, water and sewer. Landlord pays property taxes and maintenance. There are 2 HVAC systems - one on first floor, one on second floor. Current income $31,320.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Oldham
Taxing Authority: LaGrange, KY
Tax ID/APN: 46-L-4-10-15
Zoning: C-2 - Commercial District
Retail Clientele: General, Business, Traveler, Tourist, Other
Property Located Between: 1st Street and Walnut Ave
Property Visibility: Excellent
Highway Access: Interstate 71
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1908
Year Renovated: 2006
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Store front
Total Parking Spaces: 2
Parking Type: Surface
Parking Description: 2 parking spaces in rear of building; street parking available.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: High celings, exposed brick, wood floors.
Zoning Description: C2 commercial
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,097 17,458 27,033
Median Age: 33.24 37.15 39.18
Households: 1,237 4,911 8,267
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