WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Online Auction – Premier Medical/Office Location on I-264
• Excellent Location Medical/Office at Newburg Rd & Watterson Expressway
• Billboard Quality Signage Fronting I-264 with 134,000+ vehicles per day!
• Building can be Demised for Multi-Tenant Use – Investment or Owner Occupant Purposes
• Two Ample Waiting Areas – 4-Restrooms – Lab Areas – Numerous Exam Rooms & Significant Private Offices – Employee Break Area/Kitchen w/Shower Room
• Steel Frame Walls, Slab on Grade w/Easy to Reconfigure Interior Spaces
• Centrally Located with Premier Access off Newberg Rd at Watterson Expressway
• Appraisal for over $1,600,000 in 11/23 – Reserve Drastically Below Appraisal!!
• Retiring Owner – Lease Terminated – Must Sell Immediately!
• 39 total Parking Spaces with Handicapped Ramps/Auto Door Openers
• Approx. 6,300+/- Finished sf on First Floor – 2,500+/- Unfinished Upstairs – 8,793+/- Total SF
• Exactingly Constructed in 2003 by Lichtefeld Contracting – Build to Suit
• Nearly 1.2+/- Acres with Expansion Area Included with Sale
• Utilities: Electric, Natural Gas, MSD Sewer & Louisville Water Services
• Electric: 3-Phase/240-volt/400 Amp
• HVAC: Zoned Heating and Cooling – 5 Unit Service
• Electrical: 400-amp, 3 phase, 240-volt
• Title Commitment, Phase I ESA, Site Plan, Floor Plans & Appraisal Available
• Exterior: Brick Veneer/Stucco/Metal Eaves and Roof
• Zoned OR-3 Office Residential District – Allowable Uses in PIP
Synopsis: This centrally located, easily accessible modern office building has been the home of Commonwealth Foot & Ankle for over 20 years. The ownership has retired and is no longer in need of this fabulous facility and has Ordered it Sold Immediately! No other Louisville Metro Property Offers the Billboard Sized Signage (all lighted) or ease of location for medical, professional office, dental or other uses. Perfect Rehab & Sobriety Treatment Site, Dental Office or other Medical Uses.
Selling at Online Auction with Bidding Ending on Thursday September 19 at 3:00pm this multifaceted professional facility will likely be purchased far below replacement or appraisal. Professionally appraised in November 2023 at $1.625M the owner’s reserve is drastically below market and motivated to sell.
Make plans today to tour the property on September 12 starting at 12:00pm or schedule for a private showing with Justin Hampton (jhampton@tranzon.com) or Ed Durnil (edurnil@tranzon.com) or by calling 270.769.0284. Full Property Information Package including title commitment, Phase I ESA and Appraisal available at www.tranzon.com/TAA2431
Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer #259408/Broker #187998
In cooperation with PRG Commercial Property Advisors, LLC, Reed Weinberg
10% Buyer's Premium and other terms apply
Online bidding ends September 19th at 3:00 pm ET
Inspection: September 12th at 12:00pm ET
Property Address: 1915 Bishop Lane, Louisville, KY 40218
Contact Justin Hampton at 270-734-1161 or jhampton@tranzon.com
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