Catylist ID:
#30860535
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 |
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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