Industrial Land Approved for Mini-Warehouse

Industrial for Sale
Catylist Listing ID: 30872367
Property Subtypes: Light Industrial, Self Storage, Other
Building Size (RSF): 7,800 SF
Gross Building Area: See Agent
Gross Land Area: 2.66 Acres
Sale Price: $1,270,000
Unit Price: $162.82 PSF
Office SF: 1,400 SF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2024

Overview / Comments

This shovel-ready industrial site on Dixie Highway at E Orell Road, is less that a mile south of the Gene Snyder Freeway. The 2.66 acre site is basically level .
An approved development plan and binding elements are on file with the Seller.

There are 3 buildings on this site:

11905 consists of 2.18 acres of land Zoned CM (Commercial Manufacturing), Suburban Marketplace Corridor and approved for mini-warehouse . Additionally, there is a 7,800 square foot warehouse with concrete floor, metal sides and metal roof, built in 2022. It has 7 drive in doors (approximately 8 x 10), 200amp 1 Phase out door panel with 4 LED packs and High Bays. This warehouse is currently vacant.

11907 includes two building. Facing Dixie Highway is a house with 3 apartments. One unit has 2 bedrooms and the other two units are 1 bedroom. Two units are occupied and the tenants pay $650/month plus utilities.
11907 also includes a free standing building that was originally built as a 2 car garage. It was recently utilized as an office and includes a half bath. This building is currently vacant.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Louisville
Tax ID/APN: 105204570000, 105200580000
Zoning: CM - Commercial Manufacturing
Property Located Between: Flowervale Road and E. Orell Road
Highway Access: Dixie frontage
Site Description: Basically level and ready for development
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Property Condition: Average
Parking Type: Surface
Zoning Description: CM and C2
Part of Planned Development?: Yes
Lot Frontage: 307' (+/-)
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,911 32,229 68,926
Median Age: 36.61 38.24 38.59
Households: 3,687 12,279 26,772

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