948 Baxter Avenue

Retail-Commercial for Sale
Catylist Listing ID: 30327986
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 2,295 SF
Gross Building Area: See Agent
Sale Price: $425,000
Unit Price: $185.19 PSF
Property Use Type: Investment, Business
Building Name: 948 Baxter Avenue
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/6/2018

Overview / Comments

Rare opportunity to purchase this retail building on Baxter Ave, in one of the hottest areas in the city. No renovation or work required as it is in excellent condition and is tastefully decorated. The usage possibilities are endless with this gem! It is perfect for retail, restaurant, pub, salon, office and much more. The first floor includes 1422 sq/ft that is a perfect layout for any small business, along with 2 restrooms. As a real bonus, there are 8-10 dedicated parking spots! A unique feature in this area.
The second floor is a beautiful one bedroom apartment that allows for residual income for an owner/user. The building is currently zoned C-2, which truly makes it ‘move-in ready’. This building has been lovingly maintained and offers a lot of the original features, including the hardwood floors, exposed brick walls, floor to ceiling windows and beautiful woodwork throughout.

The first floor is currently leased to a salon. The current lease goes through March 2019. The second floor apartment is leased on a month to month basis.

-8-10 parking spaces
-first floor 1422 Sq/ft.
-second floor 873 Sq/ft.
-original hardwood floors
-exposed brick throughout
-great live/work opportunity

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 027A00770000
Zoning: C-2 - Commercial District
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1920
Year Renovated: 2016
Roof Type: Other
Construction/Siding: Brick/Vinyl Siding
Total Parking Spaces: 10
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,240 131,800 317,145
Median Age: 37 36.84 37.45
Households: 10,806 60,365 138,958
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.