1209-1211 W Broadway, Louisville, KY 40203
Commercial property for lease
- Description
- 100% occupied, multi-tenant retail center located in Louisville, KY. This 30,974 SF center consists of multiple national tenants with long term leases in place. As of July 2017, the minimum remaining lease term is 5 years and the average remaining term is 7.5 years per tenant. National tenants include Kool Smiles Dentistry (100+ locations), Cash America (900+ locations), & City Gear (130+ locations). These national tenants occupy 80% of the center and each has been in business for more than 10 years at this existing location. There is also an opportunity for development of a small outparcel (estimated to allow for a 1200-1500 SF building). Located in a strong urban retail corridor, the property is surrounded by an extremely dense population base of 121,652, a concentrated work-force of 139,733, and a day-time population of 213,629 (within 3 miles). With access from a traffic signal and situated on 2.91 acres, the center sits directly across from McDonald's. This portion of W Broadway has a solid traffic count of roughly 20,000 vehicles per day near the center. The former Broadway Cinemas was converted into this flourishing retail center in 2007. There is abundant parking with more than 150 spots (5-1 ratio). Building price details: $4,505,694.
- Exterior Features
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Parking: Yes Parking Spaces: 150 Parking Type: Surface - Contact info
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Dean WellsForm G Commercial Advisors LLCSteven P ShafferForm G Commercial Advisors LLC
- Note
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- Property Details
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Property Type: Commercial (Other) Status: Available Lot Size: 2.910 Acres Number of Stories: 1 Year Built: 1984 Year Renovated: 2007 Submarket: Strip Center MSA: Louisville/Jefferson County Zoning: C-2 - Commercial District Buildings: 1 Terms: Cash to Seller Added: 11/17/2017