10% Cap Rate / Investment Property

Retail-Commercial for Sale
Catylist Listing ID: 29968128
Property Subtypes: Mixed Use, Vehicle Related
Building Size (RSF): 7,828 SF
Gross Building Area: See Agent
Gross Land Area: 1.07 Acres
Sale Price: $579,900
Unit Price: $74.08 PSF
Drive In Bays: 6 Bays
Property Use Type: Investment
Building Name: 8310 & 8314 National Turnpike /Fully Leased Investment Property
Sale Terms: Cash to Seller
Last Updated: 8/17/2017

Overview / Comments

Fully Leased Investment Property! Property has approximately 1.07 acres including 2 buildings. The building in front has an address of 8310 National Turnpike. It is a two-story 3,328 sf building with car lot and tire store on the first floor. First floor has 2 roll up doors. Second floor has two, 832 sf apartments. Building was built in 1999. The second building is located in the rear of the property with an address of 8314 National Turnpike. This building is a 4,500 sf single story auto service garage built in 2000. The auto frame rack, down draft paint booth and industrial air compressor stay with the building. Building has 4 service bays. Gross income is $67,200 per year.

Great investment property! Mixed use tenants include tire shop, auto body shop and 2 apartments.

Property is zoned C-2 and located close to I-265 at National Turnpike near Outerloop.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Submarket/Township: 06 - Buechel / Highview / Okolona / Fern Creek
Tax ID/APN: 104501970000
Zoning: C-2 - Commercial District
Property Located Between: Outer Loop & Tolls Lane
Largest Nearby Street: National Turnpike
Feet of Frontage: 105
Traffic/Vehicle Count: 20,460
Highway Access: Close proximity to I-265
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Average
Year Built: 1999

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,348 49,964 183,632
Median Age: 32.73 35.9 36.76
Households: 2,057 19,955 73,804
© 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.