Great price for Office Building located in Fern Creek

Office for Sale
Catylist Listing ID: 28251970
Property Subtypes: Business Park, Executive Suites, Office Building
Condo? Yes
Building Size (RSF): 1,250 SF
Gross Building Area: 5,000 SF
Gross Land Area: 0.98 SF
Sale Price: $475,000
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2018

Overview / Comments

Great office building located on the east side of Bardstown Road about 1 mile north of the Gene Snyder (I-265). This is 1 of 3 buildings in the condo association. Seller has owned this building for several years and is wanting to invest in the restaurant business. Possible 1031 exchange.

4 separate fully leased office condos

$850/mo per unit

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 296600K10000
Is Condo?: Yes
Zoning: OR-3 - Office/Residential District
Property Visibility: Good
Highway Access: I265
Area Description: Retail and Business
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,250 SF
Year Built: 1998
Roof Type: Arched
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: Plenty of shared parking. Parking lot located on the side and back of the building.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,227 91,410 214,773
Median Age: 36.22 38 38.69
Households: 5,924 36,737 88,402
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.