South Louisville Retail Investment Opportunty

Retail-Commercial for Sale
Catylist Listing ID: 30449566
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Street Retail
Building Size (RSF): 6,465 SF
Gross Building Area: See Agent
Sale Price: $1,900,000
Unit Price: $293.89 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/31/2019

Overview / Comments

This property, anchored by a strong operating franchised Pizza Hut, is now available for purchase featuring a long term recasted lease agreement with the Pizza Hut operator and tremendous upside opportunity. Investors/developers will be able to realize upside through the lease-up of the remaining availability in the building where Pizza Hut is located and through the potential for future development on the adjoining parcel. Highlights include;

:: Long term lease agreement with strong operator for Pizza Hut
:: Great upside through lease-up and future development
:: Close proximity to I-264, Churchill Downs, University of Louisville & Louisville Int'l Airport
:: Traffic count at intersection of Dixie Hwy and 7th Street Rd is in excess of 35,000 VPD

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 109500020000
Zoning: C-1 - Commercial District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,655 126,465 264,079
Median Age: 36.55 36.03 36.37
Households: 7,148 52,687 110,083
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.