Investment Site for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30170574
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 3,070 SF
Gross Building Area: See Agent
Gross Land Area: 1.67 Acres
Sale Price: $1,500,000
Unit Price: $488.60 PSF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 3,070 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2018

Overview / Comments

Excellent investment opportunity on Dixie Highway just south of the Watterson Expressway.
Located in front of Holy Cross High School with high traffic counts.
This listing is comprised of three tracts; Tract 1, Tract 1-A and Tract 2, a former Rally's and Putt N Batt.
There are 4 buildings on these three tracts, the Rally's at 660 SF, a storage building at 1,376 SF, a snack bar for Putt N Batt at 240 SF and Putt N Batt's arcade and game building at 2,464 SF.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 102605180000
Zoning: C-2 - Commercial District
Retail Clientele: General, Family, Recreation, Other
Property Located Between: Upper Hunters and Lower Hunters Trace
Property Visibility: Excellent
Largest Nearby Street: Dixie Highway
Feet of Frontage: 236
Traffic/Vehicle Count: 52,000
Highway Access: I-264
Airports: Louisville International Airport
Site Description: Located between Upper Hunters and Lower Hunters Trace
Area Description: High traffic retail area next to Cane's and Brakeway. Across from O'Reilly Auto Parts. Approximately 8 minutes from I-264.
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Excellent
Year Built: 1987
Roof Type: Other
Construction/Siding: Wood Frame
Exterior Description: Excellent condition
Total Parking Spaces: 56
Parking Type: Surface
Parking Description: Shared parking.
Zoning Description: C-2 and M-2
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,184 93,792 209,580
Median Age: 38.11 38.11 36.56
Households: 4,278 37,853 85,176
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