Multi Building Property with Tons of Rental Income Potential

Special Purpose for Sale
Catylist Listing ID: 30806700
Building Size (RSF): 14,737 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Property Use Type: Investment
Sale Terms: Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/29/2022

Overview / Comments

Are you looking for a GREAT COMMERCIAL OPPORTUNITY that has something for everyone?!? This unique property has 7 total structures: 1.) A Large mechanic shop with 5 bays that will include much of the equipment and tools. It has a huge office space that could be converted to add 2 more bays and a large storage area. 2.) A nice residential home that has 3 bedrooms 1.5 baths and a nice sunroom. 3.) An Attached craft shed that would be great for storage and an extra-long 2 car garage. 4.) A second residential home that has 4 bedrooms and 1 bathroom and is around 4000 sq ft that has a 4 bay garage underneath it. 5.) A huge 40' x 70' barn/garage that has a bathroom and a kitchen. It was built with all concrete walls and has 3 phase electric in it. 6.) 9 storage units that are all rented month to month. 7.) A retail store that is currently utilized as a gun shop... None of the properties are under any current leases, and are rented month to month. You have 2.5 acres to use if you'd like to add any additional structures such as more storage units, bays, or more residential homes! There are so many opportunities for this multi-use property, the potential on future rental income is outstanding!

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-03-00-500-294.000-005
Zoning: E+2

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,686 21,935
Median Age: 39.95 41.01
Households: 2,040 8,022
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