Description
First time offered; large tract mixed use property consisting of retail, office service and multiunit apartment space among eight buildings on a 8.25 acre site. High visibility location with 361 feet of frontage on St. Matthews Road with an average vehicle count of 16,500 per day. Commercial occupancy rate is currently 88% with the Golds gym portion being owner occupied and will be vacated at closing. Potential Annual income full at occupancy at todays market rate (11.50 Sq. Ft.) would be $525,701. Multi unit apartment building is 100% occupied. Tremendous income growth opportunity with the redevelopment of the Gold's Gym portion as well as targeted construction on the included 7 vacant parcels which total 2.16 acres.
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0BEDS
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8.25ACRES
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0BATHS
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01/2 BATHS
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45,468SQFT
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$84$/SQFT
School Ratings & Info
Description
First time offered; large tract mixed use property consisting of retail, office service and multiunit apartment space among eight buildings on a 8.25 acre site. High visibility location with 361 feet of frontage on St. Matthews Road with an average vehicle count of 16,500 per day. Commercial occupancy rate is currently 88% with the Golds gym portion being owner occupied and will be vacated at closing. Potential Annual income full at occupancy at todays market rate (11.50 Sq. Ft.) would be $525,701. Multi unit apartment building is 100% occupied. Tremendous income growth opportunity with the redevelopment of the Gold's Gym portion as well as targeted construction on the included 7 vacant parcels which total 2.16 acres.
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