Clarksville- Resurgence Eastern Blvd 3.25ac

Retail-Commercial for Sale
Catylist Listing ID: 30163192
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail
Building Size (RSF): 24,400 SF
Gross Land Area: 3.25 Acres
Sale Price: $850,000
Unit Price: $34.84 PSF
Property Use Type: Vacant/Owner-User
Building Name: 825 Eastern Blvd Bowling Lanes
Usable Size (USF): 24,400 SF
Sale Terms: Cash to Seller
Last Updated: 8/6/2018

Overview / Comments

Located in the middle of the Town of Clarksville's ongoing effort to revitalize Eastern Blvd. There is 3.25 acres, 3 buildings with approximately 24400 sq ft with the main bldg at 21260 sq ft. The other 2 bldgs up front have tenants, however they may not remain as tenants as the Seller may relocate them to new space they own. The Town of Clarksville has added incentives that include special zoning and other funding incentives above and beyond those offered by the state of Indiana. Depending on the scope of your project the number of part-time, full-time and permanent jobs, payroll size and other factors, you may qualify for various assistance. You are at a stoplight intersection and in the middle of all of the most recent new construction and new business along all of Eastern Blvd. I found a buyer for 900 Eastern Blvd late last year who has renovated the 90,000 sq ft existing bldg. that now offers a family entertainment center and has room for 40,000sf more of any complimentary business. The Town of Clarksville was involved and they now own 6 acres that is slated for more redevelopment. That site was an eyesore for 30 years or more. This is the type of revitalization interest that will change how folks see Eastern Blvd. See TIF and other zoning maps and pics attached. Its changing now, come be a part of it! Call for appt to view inside.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-14-01-800-095.000-012
Retail Clientele: General, Family, Business
Property Located Between: I-65 and Lewis and Clark Parkway
Property Visibility: Excellent
Largest Nearby Street: I-65 Interstate
Highway Access: Immediate access to I-65 which will quickly link you to I-64 and I-71 via I-265 with Sherman Minton, Kennedy and Lincoln Bridges.
Airports: Clark County Regional Airport, Louisville International Airport
Site Description: Sits on just over 3 acres, middle ways along Eastern Blvd, access at light effectively on the corner at light with other accessible avenues. Backs up to and adjoins the Clarksville School Administrative Bldg, Clarksville Middle School, Condominiums, retail stores and a bank. Property to the rear of the property remains undeveloped and could with proper request be used for possibly apartments, office and other uses consistent with the Town of Clarksville zoning.
Area Description: Located in a long standing and well established community with high density rooftops and a very active commercial corridor. Its a very short ride to Southern Indiana's shopping malls and Veterans Parkway. This area has the attention of the Town of Clarksville as their most recent purchase of land are all on Eastern Blvd with the intent to revitalize the commercial interest in the area. They have created incentives, special zoning districts and you may qualify for special loan program as they encourage private development. The Town has already been making other infrastructure improvements added and expanding park areas as part of their initiative.
Number of Stories: 1
Property Condition: Average
Exterior Description: Block and brick, surrounded by asphalt and grassy area to the rear.
Parking Type: Surface
Parking Description: Ample private parking. While operating as a bowling alley the center had ample parking with excess property to the rear of the building that offers the potential for a lot mor parking if required.
Interior Description: Though operated as a bowling alley for sevearl decades, the lands have been sold and removed. Evidence of a kithchen, restrooms, gameroom and shoe rental areas exist, but otherwise its waiting to become a shell for its future reuse and redevelopment for new life.
Zoning Description: EBCZ- Eastern Blvd Corridor Zone
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Gt 18 3.25 Ac

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,225 83,840 220,852
Median Age: 37.76 37.91 37.3
Households: 4,276 34,935 94,911
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.