ICEE Corporation Tenant

Industrial for Sale
Catylist Listing ID: 30422512
Property Subtypes: Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 16,638 SF
Gross Land Area: 1.46 Acres
Sale Price: $1,200,000
Unit Price: $72.12 PSF
Ceiling: 18 ft.
Docks/Doors: 1 Dock, 2 Doors
Office SF: 4,300 SF
Drive In Bays: 2 Bays
Property Use Type: Vacant/Owner-User
Building Name: ICEE Corporation
Usable Size (USF): 16,638 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2019

Overview / Comments

This building was built by the owners family. Originally built as a bowling alley around 1954. ICEE Corporation has leased it for the last 30 years. First as a assembly and distribution center, then later as a training facility.This building sits on approximately 1.46 acres with 37+ parking spaces and room for more. Electrical is single and three phase with 230 volts. In 1989 the front offices and kitchenette were added. In 1998 5 offices were enclosed and the restrooms renovated. The offices and training area have heat and air. There are four 5 ton air handlers. The manufacturing areas are heated by overhead heaters and blowers. The building is wet sprinkled and was updated in the last 2 years. The main roof is white rubber with additional updated side sheds. There are two opposing drive thru doors and one ramp doc door. Interior ceilings range from 8-18 clear feet. There is a compressed air system in the manufacturing area with multiple test stations disconnected. There is 4300sf finished space and 10,750sf for warehouse/ manufacturing. 2200sf Section of manufacturing space completed in 2016.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Louisville Jefferson County
Tax ID/APN: 061502090000
Zoning: M-3 - Industrial District
Property Located Between: Hodel and Stobel North and South. Watterson Park and Poplar Level Rd on the East and West.
Highway Access: I-264 exit Poplar Level Rd South. First left on Gardiner Lane, first right on Watterson Park Rd. Right on Hodel Rd.
Airports: Muhammed Ali International Airport
Site Description: This site is in Watterson business Park with many other multiple use buildings. Just South of the Watterson expressway, the airport, I-65, I-64, I-71 interstates.have easy access.
Area Description: At the juncture of the first circle around Louisville. Centered one exit East from I-65 and two exits from the airport.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 16,000 SF
Property Condition: Good
Year Built: 1954
Year Renovated: 1998
Roof Type: Arched
Construction/Siding: Block
Exterior Description: 16,638 sf building on 1.46 acres with paved parking for over 37 cars.
Parking Ratio: 2.3 (per 1000 SF)
Parking Type: Surface
Parking Description: surface parking located on the west side of the building.
Sprinklers: Wet
Volts: 230
X-Phase: 3
Heat Type: Electricity, Natural Gas, Suspended Radiant Heaters
Heat Source: Central, Ceiling Units
Air Conditioning: Engineered System
Lighting: Fluorescent
Internet Access: Cable
Interior Description: Reception area, 5 enclosed offices, Kitchenette, 2 bathrooms, Training area, storage areas, 2 Manufacturing/warehouse areas, 2 drive-in doors 1 dock with ramp.
Zoning Description: M-3 light industrial
Part of Planned Development?: Yes
Lot Frontage: 200'
Lot Depth: 320'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Irion Family

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,408 106,507 327,674
Median Age: 44.96 37.27 36.95
Households: 1,954 47,243 142,169


Photograph of Listing Agent

David O Lynch

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