Spring St Jeffersonville Retail w Warehouse

Retail-Commercial for Sale
Catylist Listing ID: 30288563
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Vehicle Related
Building Size (RSF): 7,107 SF
Gross Building Area: See Agent
Sale Price: $285,000
Unit Price: $40.10 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/5/2019

Overview / Comments

Jeffersonville on Spring St with immediate access to I-65. Two parcels. Not as it appears because it is far more space than what you see at street level, so swing around to the rear of the property to get the full impact. Warehouse, storage, separate but adjoined work bays, front retail space at street level with parks (or for auto sales), 1 apartment at street level, huge extra fenced lot for auto storage or other uses. Currently has Tenants producing income of $2,250. Permitted for auto sales, but must be verified by Buyer with the City as with all other incentive programs that may be available to include the potential UEZ funds.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-19-00-102-454.000-010
Retail Clientele: General
Property Located Between: Eastern Blvd and Stansifer Ave
Property Visibility: Good
Largest Nearby Street: 10th Street
Highway Access: Immediate to I-65 and to Louisvillee
Airports: Clark County and Louisville International Airport
Site Description: Multi level access from street level to around the back lower level entry. Multiple use opportunities, multi tenants and tenant types, zoned C-2 also allowing for a wide range of uses.
Area Description: C-2 Zoned, UEZ Zone, Near Downtown Jeffersonville, surrounded by a hospital, doctors, dentist, banks, churches, apartments, residential homes and other typical service businesses for comparable areas.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Construction/Siding: Block, Brick
Exterior Description: Block and brick with retail typical of other single story retail. Warehouse to the rear is block with separate bay or overhead doors.
Parking Type: Surface
Zoning Description: C-2 Med to Lrg General Business which allows for many things and is very business friendly.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 2 parcels 1) 10-19-00-102-454.000-010 2) 10-19-00-102-458.000-010

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,863 92,769 264,332
Median Age: 38.73 36.39 37.2
Households: 4,315 40,542 114,450
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.