The Witten Center

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30532343
Property Subtypes: Mixed Use
Building Size (RSF): 9,745 SF
Gross Building Area: 9,900 SF
Gross Land Area: 0.56 Acres
Sale Price: $1,210,000
Unit Price: $124.17 PSF
Property Use Type: Investment
Building Name: The Witten Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/21/2019

Overview / Comments

The Witten Center is a neighborhood retail center strategically located near the corner of Taylorsville Road and Bardstown Road, just minutes from I-264 in two directions, downtown Louisville, public parks and schools. It also bookends the Highlands and surrounding communities. Constructed in 1990, the center boasts an eclectic mix of tenants, anchored by the US Post Office. There are 43 parking spaces. Excellent current cash flow as well as the opportunity to increase returns long-term.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 081A02160000
Zoning: C-2 - Commercial District
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Taylorsville Road
Highway Access: I-264 via Taylorsville - 1.6 miles I-264 via Bardstown Rd. - 1.0 miles
Site Description: Parking on either side of center. Monument sign for tenants. Tenants also have building signage. Located across the street from First Watch and McDonalds.
Area Description: The Witten Center is near Bowman Field and its surrounding neighborhoods as well as the intersection of Taylorsville Road and Bardstown Road, placing it in the southeastern end of the Highlands. It is a central and easily accessible location, which has historically kept vacancy very low.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1990
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick exterior with flat roof. Outer slope of roof / parapet is shingled.
Total Parking Spaces: 43
Parking Type: Surface
Parking Description: Parking on either side of the center
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,561 118,732 309,944
Median Age: 44.33 39.77 38.09
Households: 6,772 56,125 138,615
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