South Louisville Retail Investment

Retail-Commercial for Sale
Catylist Listing ID: 30363124
Building Size (RSF): 9,984 SF
Gross Building Area: See Agent
Sale Price: $650,000
Unit Price: $65.10 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/26/2019

Overview / Comments

PRG Commercial Property Advisors is pleased to present this 100% leased, multi-tenant commercial property located on Preston Highway and Gilmore Lane in South Louisville. Located in a mature, infill area near the airport and I264/65 expressway interchanges, this opportunity consists of 3 separate buildings leased to retail and small-office users. The investment contains consistent yield, but also strong upside and value-add potential.

-Well-maintained with HVAC & roof upgrades
-Excellent value-add opportunity; well below replacement cost
-Over 25,000 vehicles per day
-Priced well-below replacement cost

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 079800980000
Zoning: C-1 - Commercial District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,200 83,007 295,885
Median Age: 35.34 36.74 36.85
Households: 3,113 34,942 125,954
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.