9921 Ormsby Station Road, Louisville, KY 40223
$1,350,000
Property Type:
Commercial Sale
Square Footage:
5,560
Lot Size (sq. ft.):
54,886
Status:
Closed
Current Price:
$1,350,000
List Date:
9/23/2024
Last Modified:
9/03/2025
Overview
Description
Listing Details MLS# 24019157
Listing Information
- Comp Sale YN
- No
Status Change Information
- Status Change Timestamp
- 2024-11-19
- Purchase Contract Date
- 2024-10-01
- Close Date
- 2024-11-18
- Close Price
- 1350000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
Address
- County
- Jefferson
- Street Number
- 9921
- Street Name
- Ormsby Station
- Street Suffix
- Road
- State
- KY
- Zip Code
- 40223
- Parcel Number
- 320800070000
Contract
- Original List Price
- 1495000
- Start Showing Date
- 2024-09-10
- Listing Contract Date
- 2024-09-10
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/SqFt
- 268.88
- Sold Price/SqFt
- 242.81
- SP/LP
- 0.9
Tax Legal
- MLS Area Major
- 052 - Jefferson County
- Subdivision Name
- Commercial
Interior
- Living Area
- 5560
- Building Area Total
- 5560
More Information
Parking Information
- Parking Total
- 56
Building
- Year Built
- 2000
- Stories Total
- Yes
Lot
- Lot Size Acres
- 1.26
- Lot Size Square Feet
- 54886
Utilities
- Cooling YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- 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%
Building and Property Details
- # of Women's Restrooms
- Yes
- Maximum Ceiling Height
- 10
Income and Expenses
- Gross Scheduled Income
- 117000
- Net Operating Income
- 117000
Showing Information
- Showing Instructions
- Please call listing broker before showing.
Tax & Legal
- Tax Rate
- 1.16
- Zoning Description
- C-1
- Directions
- From Lexington West on I 64, take exit 15, turn right on to Hurstbourne Parkway, then right on Ormsby Station Rd.
Association/Community
- Number Of Buildings
- 1
Construction Materials
- Brick
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- Yes
Roof
- Flat
- Yes
- Membrane
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Building Features
- Concrete Floor
- Yes
Business Type
- Restaurant
- Yes
Ceiling
- Dropped
- Yes
Existing Lease Type
- NNN
- Yes
Sale Includes
- Building(s)
- Yes
- Easements
- Yes
- Land
- Yes
- Leases
- Yes
Tenant Pays
- Electricity
- Yes
- Exterior Maintenance
- Yes
- Gas
- Yes
- Insurance
- Yes
- Interior Maintenance
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Building Features:
Concrete Floor
Business Type:
Restaurant
Ceiling:
Dropped
Construction Materials:
Brick
Existing Lease Type:
NNN
Parking Features:
On Site; Paved
Possession:
Close Of Escrow; Subject To Tenant Rights
Roof:
Flat; Membrane
Sale Includes:
Building(s); Easements; Land; Leases
Sewer:
Public Sewer
Special Listing Conditions:
Standard
Tenant Pays:
Electricity; Exterior Maintenance; Gas; Insurance; Interior Maintenance; Sewer; Taxes; Trash Collection; Water
Listing Office:
Jack Foley Realty, LLC
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.