Preston/Hess Lane Retail Center

Retail-Commercial for Sale
Catylist Listing ID: 30183097
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 5,600 SF
Sale Price: $700,000
Unit Price: $125 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2018

Overview / Comments

This listing is the strip shopping center located at the corner of Hess Lane and Preston Highway.
The center includes three rental spaces, two currently occupied by Penn Station and Wing Stop.
Close to the Audubon Park neighborhood, Kentucky Fairgrounds and Louisville International Airport.
Call agent for rent roll and Income and Expense statements.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 084F01610000
Zoning: C-1 - Commercial District
Retail Clientele: General, Family, Business
Property Located Between: Northeast corner of Preston Highway and Hess Lane
Property Visibility: Excellent
Largest Nearby Street: Preston Highway
Feet of Frontage: 144
Traffic/Vehicle Count: 19,600
Highway Access: I-65 and I-265
Site Description: Strip shopping center along Preston Highway. Highly visible and a high traffic intersection
Area Description: Close to the University of Louisville and the airport, as well as several residential neighborhoods
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1956
Year Renovated: 2005
Roof Type: Flat
Parking Type: Surface
Parking Description: Adequate
Heat Type: Electricity
Internet Access: Cable
Zoning Description: C-1
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,041 134,489 329,846
Median Age: 38.14 36.07 36.73
Households: 5,453 59,929 142,343
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