Hot Legs Lounge

Special Purpose for Sale
Catylist Listing ID: 30333229
Property Subtypes: Sports/Entertainment
Building Size (RSF): 9,846 SF
Gross Land Area: 2.49 Acres
Sale Price: $650,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/12/2018

Overview / Comments

This operating lounge is located approximately 2 miles North of Kosmos Concrete. It has almost 10,000 sf with over 500’ frontage on Dixie Hwy. There are 4 apartments on the rear of building.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 105903850000
Zoning: C-2 - Commercial District
Property Located Between: Kosmos Concrete & N Watson Ln.
Property Visibility: Excellent
Largest Nearby Street: Dixie Hwy
Feet of Frontage: 500
Highway Access: Dixie Hwy
Airports: LIAP
Site Description: This site includes Lot # 385,386, and 387 for approximately 2.49 acres. In 2016 four furnished apartments were added at the rear and pay weekly rates. Parking is in excess of 50 cars.
Area Description: Mix of business & retail.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,800 SF
Property Condition: Good
Year Built: 1947
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Brick, Wood Frame
Exterior Description: Brick & glass
Parking Type: Surface
Parking Description: 50
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: The lounge includes a bar, stage, pool table room, 3 booths, and four apartments in the rear. (3) furnished 1 bedroom units renting at $175/week, (1) furnished 2 bedroom unit renting at $225/week. They are 100% leased and consist of Living room/kitchen combo, bedroom and bath. All units have electric zone heating packages.
Zoning Description: C-2
Lot Frontage: 500
Lot Depth: 150
Easements: Utilities
Legal Description: Lots 385, 386 & 387

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 815 19,227 46,550
Median Age: 41.64 36.12 38.22
Households: 328 7,253 17,773
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.