1200 Payne St - Mixed-Use For Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Office, Multi-Family
Catylist Listing ID: 30860535
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Other
Status: Pending/Contingent
Building Size (RSF): 4,165 SF
Gross Building Area: See Agent
Sale Price: $580,000
Unit Price: $139.26 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 1200 Payne
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/27/2023

Overview / Comments

Welcome to 1200 Payne St, an incredible investment opportunity nestled in the vibrant heart of Irish Hill, just minutes away from the lively neighborhoods of the Highlands and Nulu. Walking distance to multiple restaurants, breweries and retail shops.

This unique property, zoned C1, currently serves as an office on the first floor, complete with a spacious apartment above. In addition, it offers an enticing bonus with four storage units located at the rear of the property, each generating an additional $185 per month in rental income! Apartment comes fully furnished and ready to rent. Would be an ideal location for travel nurses or an Airbnb!

With the current tenant set to vacate on December 1, 2023, this property is ideal for value-add investors or owner-occupants.

Key Features:
- C1 zoning for flexible use
- Modern finishes and natural light
- Separate LGE meters
- New HVAC (2022) and roof (2013)
- 1,500 sq ft office/retail space
- Fully furnished 2BR/1BA apartment (STR potential)
- 4 valuable storage units

Explore the potential of 1200 Payne St - an excellent live-work investment. Contact agent today to schedule a viewing.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 068GSROW0000
Zoning: C-1 - Commercial District
Property Located Between: Bardstown and Lexington Rd
Property Visibility: Excellent
Tenancy: Multiple Tenants
Number of Stories: 2
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: C1 zoning allows for many types of retail or office uses.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,131 124,054 313,229
Median Age: 35.13 36.88 37.6
Households: 7,776 56,894 137,202


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