Jeffersonville Gateway: Two-Tenant Building For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30844720
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant
Building Size (RSF): 3,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.40 Acres
Sale Price: $1,600,000
Unit Price: $457.14 PSF
Is Quick-Service Restaurant? Yes
Has Drive-Thru? Yes
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 2/14/2024

Overview / Comments

Two-tenant building available within a large class A mixed-use development - Jeffersonville Gateway. This mixed-use project is at the prominent intersection of 10th Street & Spring Street adjacent to Interstate 65. There is a signalized traffic light at 10th Street and Spring Street and a signalized light planned for the 9th Street and Spring Street intersection. Tenants include Jimmy John's, Starbucks, and McDonald's.

The development is located directly across from Clark Memorial Hospital, a 241-bed regional hospital serving more than 82,000 patients annually. Over 134,900 VPD on Interstate 65 and over 35,000 VPD on 10th Street directly in front of the site. The site has excellent visibility and access to iconic signage. The tenant signage will be featured on a large pylon sign and monument sign.

The site is in close proximity to Downtown Louisville, right at Exit 1, and is the 'gateway' to downtown Jeffersonville, Indiana.

Current Tenants

Tenant Business Name Jimmy John's
SF of Space Occupied 1,500 SF

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 101900103920000010
Zoning: C-1
Retail Clientele: General, Family, Traveler
Property Located Between: 10th Street and Spring Street
Property Visibility: Excellent
Largest Nearby Street: 10th Street
Highway Access: Immediate access to on-ramp for I-65
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Built: 2020
Construction/Siding: Brick
Total Parking Spaces: 20
Parking Type: Surface
Zoning Description: Commercial
Part of Planned Development?: Yes
Lot Frontage: 211

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,792 105,073 279,731
Median Age: 38.94 36.47 37.29
Households: 2,982 46,861 121,490
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions.