Near Veterans w/ Multiple Bldgs Retail & Office

Retail-Commercial for Sale
Catylist Listing ID: 30224179
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 22,911 SF
Gross Building Area: See Agent
Gross Land Area: 1.83 Acres
Sale Price: $2,000,000
Unit Price: $87.29 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Lee Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/22/2018

Overview / Comments

Income investment. Perfect opportunity for an investor or a buyer that has a need for space themselves and would like to have tenants to help pay for the purchase. Across from Southeast Christian Church, easy access from I-65, Veterans Parkway, Lewis and Clark Parkway and Hwy 31. The Jeffersonville Town Center, once completed, will be a huge retail, residential, office and service businesses area attracting a lot of potential customers for your business and tenants. You can see more activity today as they prepare the site for more new tenants in the Town Center. Currently zoned C-2, ample paved parking with more land for additional parking. Three parcels, 3 bldgs. totaling approx. 23,000sf. Approximately 1.83 acres. Stop light at entry to property where the house is located. Property is also located in the TIF District and the Commercial Corridor Overlay District.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-21-02-000-216.000-009
Retail Clientele: General, Business
Property Located Between: Hamburg Pike and Hwy 31
Property Visibility: Excellent
Largest Nearby Street: Veterans Parkway
Highway Access: Immediate to I-65, I265 and short trip to I-64
Airports: Clark County Regional Airport, Louisville International Airport
Site Description: Stoplight into property at rental house. Two story retail center with office, retail and restaurant.
Area Description: Growth area as Jeffersonville side of Veterans Parkway has more new activity at the Jeffersonville Town Centre. Recent additions such as Menards Home Center, Culvers, Heine Brothers Coffee, Popeyes Chicken, Krispy Kreme, BoomBozz Pizza & Taphouse, Comfy Cow Ice Cream, Wild Eggs and more. Southeast Christian Church is across the street.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Excellent
Construction/Siding: Brick, Metal Siding
Exterior Description: Three bldgs. 1) rental house with aluminum siding, 1.5 story 2) Two story brick bldg with 8912sf per floor retail center with office, retail, business services and restaurant 3) 4000sf metal siding warehouse bldg that has served as a popular fireworks retailer
Parking Type: Surface
Parking Description: Ample private parking lot
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Varies with unit but would be considered a standard type unit for each type of user
Zoning Description: C2 Meduim to Large Scale General Business and is also in the TIF District and Overlay District (see attached flyer for zone detail)
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Lee Oil Company Inc
Legal Description: 1408-10 is Gt 20 1.335 Ac and 1412 is Gt 20 .15 Ac Lot 26 Agent Remarks: 3 parcels in all this is #3 land only 10-21-02-000-266.000-009

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,712 62,819 173,225
Median Age: 39.77 38.35 37.61
Households: 2,286 26,217 72,290
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.