Urban Retail Investment

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30125278
Property Subtypes: Community Center, Neighborhood Center
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Sale Price: See Agent
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/22/2017

Overview / Comments

This excellent retail investment opportunity is well located in one of Louisville’s strongest urban retail corridors. A truly rare opportunity, this 10,000 sf center is a traditional retail center with parking at the tenant’s front doors, excellent exposure and easy ingress and egress, all located within a dense, infill, urban location. The 2002 construction property is comprised of three national tenants that provide crucial goods and services to the surrounding sub-market.

Located near the corner of 22nd and Broadway, the area is a long-standing retail hub and is also undergoing a transformation. The site is just a block away from the newly announced, 20 acre Passport Healthcare headquarters and campus, as well as the future $28 million dollar YMCA. The property is only blocks from the Brown Forman and Heaven Hill Distilleries.

This presents the opportunity for an investor seeking a stable asset in a growing area that is beginning to receive a tremendous injection of investment and development. With limited competition, a future owner of this property will take advantage of the desire for retail services that this property provides in a high demand sub-market.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 001H01100000
Zoning: C-1 - Commercial District

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,531 128,466 271,497
Median Age: 31.29 35.2 36.56
Households: 7,567 53,897 117,099
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