Bardstown Road Redevelopment Property

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30287263
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 4,718 SF
Gross Land Area: 0.19 Acres
Sale Price: $625,000
Unit Price: $132.47 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/26/2018

Overview / Comments

This offering also includes 1938-1940 Harvard Drive.

Excellent opportunity to redevelop two buildings at the lighted corner of Bardstown Road and Harvard Drive.

There are two short-term tenants that occupy the building, a vacant suite and a billboard on the roof.

Tenant (1): Outfront Advertising $3,300 per year; 1/1/19
Tenant (2): Antiques at Douglass Loop $8,700 per year; Month to Month
Tenant (3): Anna J. Shaes $7,500 per year; 9/30/20

2218 and 1940 Harvard are located in the front building and total 3,328 square feet.
1938 Harvard Drive is the rear building and is 1,390 square feet.
Source of square footage measurements Louisville Metro PVA.

Average daily traffic counts on this popular road are between 24,000 and 29,000 vehicles.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 080A-0002-0000
Zoning: C-1 - Commercial District
Retail Clientele: General
Property Located Between: Douglass Blvd/Dundee Road and Woodbourne Avenue
Property Visibility: Excellent
Largest Nearby Street: Bardstown Road
Traffic/Vehicle Count: 21,000
Site Description: Corner location. There are two buildings on site with (6) parking spaces in the rear. Parking is also available on the street. Close to CVS.
Area Description: This is a very walk-able area with coffee shops, dining and entertainment. Close to several residential areas.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1928
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: The property consists of two buildings with a courtyard between the buildings and six parking spaces in the rear.
Total Parking Spaces: 6
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Window Unit
Internet Access: Cable, T1/T3
Zoning Description: C-1
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Polio Properties, LLC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,888 119,757 309,269
Median Age: 41.09 39.21 37.84
Households: 9,164 56,337 137,322
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.