Apartments and Office/Retail

Multi-Family for Sale
Catylist Listing ID: 30052655
Property Subtypes: Mid-Rise, Mixed Use
Number of Units: 8 Units
Building Size (RSF): 18,420 SF
Gross Land Area: 0.11 Acres
Sale Price: $425,000
Unit Price: $53,125 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Layson Hall
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/14/2018

Overview / Comments

Partially renovated building on busy Main Street in Shelbyville, KY. First floor has been renovated for retail, office or catering type business.

Second and third floor have been apartments and seller has the cost breakdown to renovate both floors back into apartments. There is ample room for 4 apartments on each floor.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Property Located Between: Located on the corner of 7th and Main Street.
Highway Access: About five (5) miles from I-64.
Airports: Louisville International Airport and Bluegrass Field in Lexington.
Area Description: The building is located in an area that will experience a great amount of new development in the next few years.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1869
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Surface
Total Parking Spaces: 14
Sprinklers: None
Heat Type: Natural Gas
Air Conditioning: Engineered System
Zoning Description: CBD-Central Business District
Lot Frontage: 60
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,529 19,323 22,858
Median Age: 37.02 34.83 36.01
Households: 2,553 7,092 8,441


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