High Traffic Retail Corner for Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30126369
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Status: Pending
Building Size (RSF): 16,450 SF
Gross Building Area: See Agent
Gross Land Area: 1.29 Acres
Sale Price: $695,000
Unit Price: $42.25 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/9/2017

Overview / Comments

Excellent Retail Location on the busy corner of Cane Run Road and Terry Road located on a hard traffic light corner
Located across from Walgreens
Nice Bar and entertainment room
Large kitchen and exterior patio deck
High traffic (34,000 daily) On-site surface parking with 95 spaces.
Currently operating as a bar & grill.
333 feet frontage on Cane Run Road and 385 feet frontage on Terry Road.
Currently operated as Gilbert's Bar and Grill
Excellent signage on Cane Run Road
Curb cuts onTerry Road and Cane Run Road

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 101800650000
Zoning: C-2 - Commercial District
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: At the corner of Terry Road and Cane Run Road
Property Visibility: Excellent
Largest Nearby Street: Cane Run Road
Feet of Frontage: 333
Traffic/Vehicle Count: 34,000
Highway Access: I-264 Watterson and I-265 Gene Snyder
Airports: Louisville International Airport
Site Description: High traffic retail corner across from Walgreens. Level lot with ample parking and excellent visibility from both Cane Run Road and Terry Road
Area Description: Residential, retail and industrial mix.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 8,100 SF
Property Condition: Good
Year Built: 1973
Total Parking Spaces: 95
Parking Type: Surface
Heat Type: Electricity, Natural Gas
Heat Source: Heat Pump, Other
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: C-2
Lot Frontage: 333
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,357 56,749 171,476
Median Age: 39.36 38.68 37.46
Households: 3,243 23,222 68,722
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