Prime, Infill Commercial Opportunity

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30148308
Property Subtypes: Street Retail
Status: Pending/Contingent
Building Size (RSF): 5,698 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $210.60 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2017

Overview / Comments

This presents a truly rare opportunity to lease commercial space in a prime, infill location with excellent parking. The trophy location in Louisville’s historic Cherokee Triangle is located with great exposure on the corner of Grinstead Drive and Ray Avenue. It is adjacent to one of Kentucky’s most prestigious private, K-12, educational institutions (The Louisville Collegiate School) and is surrounded by high quality single family and multifamily housing. The property may be purchased or leased, and is offered in conjunction with the adjacent office building at 2440-48 Grinstead Drive. This presents a unique opportunity as one of the few commercial properties along Grinstead Drive in the Cherokee Triangle.

The property formerly housed Burger’s Market, and is a true Louisville landmark. It contains approximately 5,698 sf on the first floor and a very useable 5,647 sf lower level with multiple direct access points from the outside. The building could be easily subdivided for multiple users. The site has on-site parking and great exposure on Grinstead Drive. This building is well suited for a retail, service retail, or office user.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 075H00730000
Zoning: C-1 - Commercial District

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,429 130,959 305,687
Median Age: 38.26 38.48 37.93
Households: 9,446 61,922 134,851
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