Downtown Ashland Parsons Bldg / CORBIE'S

Retail-Commercial for Sale
Catylist Listing ID: 30831215
Property Subtypes: Convenience Store, Day Care Facility, Garden Center, Mixed Use, Post Office, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 28,600 SF
Gross Building Area: 35,750 SF
Gross Land Area: 7,150 SF
Sale Price: $999,999
Unit Price: $34.97 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Parson's / CORBIE'S
Usable Size (USF): 35,750 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/30/2023

Overview / Comments

Recently known as CORBIE's because of the building's owner's popular restaurant, the building has historically been known as the Parson's Building as the former Parson's Department Store was located there. The building is comprised of 4 Floors and a full basement of approx 7,150 sq ft per floor plate. Very strong construction of concrete and steel. Suitable for mixed-use, office, hotel, retail, and multi-family. The Building is located on Winchester Ave which is the main downtown corridor (and will soon see a major roadway investment by the KY Transportation Cabinet to create a series of traffic circles and improved streetscape). Very nearby the newly renovated 12 story Marriott Delta Hotel is experiencing high occupancy, a new Conference Convention Center is planned, and the Paramount Theater hosts major concerts and arts events.

Additional Details

Nearest MSA: Huntington-Ashland
County: Boyd
Taxing Authority: Ashland
Tax ID/APN: 030-13-15-002.00
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: 17th St and Broadway Square
Property Visibility: Excellent
Largest Nearby Street: Winchester Avenue
Feet of Frontage: 50
Traffic/Vehicle Count: 19,686
Highway Access: Interstate I-64
Airports: Huntington, WV
Site Description: 50' x 143'
Area Description: Located in the core of downtown Ashland KY where much new investment has been taking place and is planned. Ashland is: the last stop for AMTRACK, on the Ohio River, and is on the Country Music Highway. Billy Ray Cyrus, the Judds, and other famous performers are from Ashland. Also rooted nearby nearby, the Clooney's and former Miss America Heather French Henry. There is even a 90's MTV music star living and working in Ashland today.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 7,150 SF
Property Condition: Good
Year Built: 1917
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Brick
Parking Description: On the street and Parking Garage owned by the City of Ashland at the rear.
Passenger Elevators: 1
Freight Elevators: 1
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Interior Description: High Ceilings with Concrete and Steel construction
Zoning Description: Commercial
Lot Frontage: 50
Lot Depth: 143
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,408 39,173 74,102
Median Age: 38.82 41.04 41.63
Households: 3,456 16,559 30,186
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