Retail Investment With National Tenants

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: 11/17/2017

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
© Copyright Kentucky Commercial Real Estate Alliance. All Rights Reserved. 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.