Retail Investment Property :: FOR SALE

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30161875
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 13,100 SF
Gross Building Area: See Agent
Gross Land Area: 1.20 Acres
Sale Price: $1,950,000
Unit Price: $148.85 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Preston Plaza
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 7/18/2018

Overview / Comments

Now offering the "Preston Plaza" mixed-use commercial property for sale. This Preston Highway retail center is a prime commercial site containing approximately 1.2 acres of land with a 13,080 square foot retail/office improvement. Constructed in 1995 this retail strip center offers excellent highway exposure and located directly between Aldi Grocery, Floor & Decor retailer, Value City Furniture, Taco Bell, and McDonald's. Located within 1/2 mile from the Main Entrance into the Kentucky State Fair Grounds and located within 1/4 mile from the Watterson Expressway (I-264).

Current Tenants;
:: Bumper to Bumper; Leases approximately 4,900 square feet
:: MDS Digital Solutions; Leases approximately 8,180 square feet

*Please note: MDS is the owner offering this opportunity as a sale-leaseback investment property. MDS would be willing to terminate for a buyer seeking a great owner-occupant opportunity or remain with a new long term lease.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 083H01750000
Zoning: C-1 - Commercial District
Retail Clientele: General, Business, Traveler, Tourist, Convention
Property Located Between: I-264 (Watterson Expressway) & Phillips Lane
Property Visibility: Excellent
Largest Nearby Street: I-264 Watterson Expressway
Feet of Frontage: 150
Traffic/Vehicle Count: 23,000
Highway Access: Direct access to and from I-264 (Watterson Expressway) and I-65.
Airports: SDF
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1995
Year Renovated: 2010
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,275 126,415 328,368
Median Age: 40.53 36.44 36.76
Households: 3,658 55,840 141,088
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.