Shelbyville Road Retail Property in Middletown

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30315310
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related
Status: Pending/Contingent
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.76 Acres
Sale Price: $950,000
Unit Price: $95 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/29/2018

Overview / Comments

Rare Shelbyville Road frontage in the heart of Middletown.

This is an opportunity for investors or owner-users. The existing tenants GT Auto Services and Working Man Dent Repair lease the property on a month-to-month basis and short term lease respectively. Potential investors may be able to sign long term leases and keep the tenants in place. Potential users of the property may elect to use the existing buildings or redevelop the site following the expiration of Working Man's lease in Feb. 2020.

The two buildings measure 7,362SF and 2,666SF according to PVA.

Asking price is below the current tax assessment!

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 028700260000
Zoning: C-1 - Commercial District
Property Visibility: Excellent
Traffic/Vehicle Count: 32,000
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Zoning Description: C-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,646 61,750 173,155
Median Age: 46.71 42 40.48
Households: 2,453 25,791 71,790
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.