$1,350,000
$1,495,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
9921 Ormsby Station Road Louisville, KY 40223
5,560 SqFt
Key Details
Sold Price $1,350,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,560 sqft
Price per Sqft $242
Subdivision Commercial
MLS Listing ID 24019157
Sold Date 11/18/24
Year Built 2000
Lot Size 1.260 Acres
Property Description
FOR SALE ! Former Applebee's Restaurant property located in the very busy North Hurstbourne Parkway area, adjacent to McDonalds restaurant, and is surrounded by large office parks, hotels, retail centers, and residential neighborhoods. The property is currently leased, under a NNN lease, to Tres Amigos Mexican Restaurant, The current rent is $9,750 / month, and is scheduled to increase to $10,240 / month on May 01, 2027. There are more than 4 ½ years of lease term remaining. Current Cap Rate 7.8%
Location
State KY
County Jefferson
Interior
Flooring Concrete
Exterior
View Y/N N
Roof Type Flat,Membrane
Building
Sewer Public Sewer
New Construction No
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