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Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30867760
Property Subtypes: Net Leased, Office Building
Status: Pending/Contingent
Building Size (RSF): 19,788 SF
Gross Land Area: 1.96 Acres
Sale Price: $1,300,000
Unit Price: $65.70 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Usable Size (USF): 19,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2024

Overview / Comments

Investment office building with I-2 heavy industrial zoning, 6,500 SF SF leased on Floor 1 to Traditional Bank until February 28, 2025, 6,500 SF leased on Floor 2 to Associates in Pediatric Therapy until February 28, 2026 with a right of first refusal to purchase for 48 hours and 6,000 SF for lease on the Lower Level near I-64 in rapidly growing Shelbyville, Kentucky between Louisville and Lexington.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Submarket Type: Suburban
Taxing Authority: City of Shelbyville; Shelby County
Tax ID/APN: 041-00-023
Zoning: I-2 - Industrial – Heavy
Property Located Between: Louisville and Lexington
Property Visibility: Good
Highway Access: Two miles from I-64
Airports: Louisville International Airport; Bowman Field
Site Description: Rolling
Area Description: Office, industrial and retail.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 6,500 SF
Year Built: 1988
Year Renovated: 2024
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Surface
Parking Description: Paved and striped.
Total Parking Spaces: 66
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Engineered System
Interior Description: Offices and storage.
Zoning Description: I-2
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 812 12,340 25,873
Median Age: 40.74 33.62 35.59
Households: 322 4,558 9,516


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