Highland Restaurant Retail Live-Work

Retail-Commercial for Sale
Catylist Listing ID: 30361924
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 2,900 SF
Sale Price: $580,000
Unit Price: $200 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2019

Overview / Comments

Charming & recently renovated Live-Work building located in the heart of the Highlands location next to Carmichael's Bookstore, and across from Mid-City Mall for Sale.
This property has an open floor plan first floor retail section (approx. 1,400 s.f), and a second luxury apartment (approx. 1,000 s.f.) with third floor. The third floor has been drywalled and prepped for a second master suite as one of the "upsides" to this investment.
Property is zoned C-2 ready for a restaurant, bar, or wine bar conversion.

There is no rent roll due to the Seller living on the second floor, and has the first floor just recently vacated.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 075E00340000
Zoning: C-2 - Commercial District
Retail Clientele: General, Family, Business
Property Visibility: Good
Largest Nearby Street: Bardstown Rd.
Site Description: Great building with high visibility, across from the Mid-City Mall off of Bardstown Rd.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1907
Construction/Siding: Vinyl Siding
Exterior Description: Good visibility with a front deck.
Parking Type: Surface
Parking Description: Street parking
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: C-2 (Restaurant & Bar)
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,033 127,617 320,945
Median Age: 38.16 37.68 37.23
Households: 9,361 59,559 140,844
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.