Schnitzelburg Property and / or Business for Sale!

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30359027
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Status: Pending
Building Size (RSF): 3,151 SF
Gross Building Area: See Agent
Sale Price: $320,000
Unit Price: $101.56 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2019

Overview / Comments

Newly listed retail/residential building fully leased in Schnitzelburg/Germantown area. The first floor is a retail space leased to a long-standing floral shop occupying 1,881 SF at $1,500 in monthly rent. The retail business has a basement for additional storage. The second floor of the building has two one-bedroom apartments leased at $1,265 per month. Apartments have undergone upgrades within the last two years. Improvements include new furnaces, new AC unit, new exterior awning, front entry tile. Also, Apartment #1 has new tile in kitchen and bath, new claw foot tub static paint, new appliances, backsplash, countertop, sink and cabinets, new water heater, new closet doors, fresh paint, blinds and bathroom vanity. Apartment #2 improvements include new appliances, new counter top, new paint, and a new bathroom vanity. Tenants are responsible for utilities, excluding water. Four off-street parking spots are available to the tenants.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 026H00310000
Zoning: R-5 - Residential Single Family District
Total Parking Spaces: 4
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,937 135,417 323,475
Median Age: 38.01 36.05 36.92
Households: 8,724 60,841 140,033
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.