2600 Chamberlain Lane

Louisville, KY 40245

Listing ID: 196783

$5,030,490

For Sale

Property Type Retail : Shopping Center
Lot Size Acres 1.880
Building Sq Ft 21,100
Building Price per Sq Ft $238.41
Land Sq Ft 81,892
Land Price per Sq Ft $61.43

2600 Chamberlain Lane Louisville, KY 40245 - main image

Description

Anchorage Landmark is a prime located retail/mixed use property that features an approximately 21,100 SF stabilized strip center and four separately deeded outparcels ready for development. The strip center boasts a variety of primarily service-based retail and restaurant tenants, including Mi Tierra Mexican Restaurant, Sign A-Rama Northeast Louisville, New Direction Bar & Grill, Juice Box Vapor Company, and East End Barber Shop. The site offers excellent access off of LaGrange Rd and Chamberlain Ln with direct visibility from the I-265 off ramp at Exit 30: KY-146 (LaGrange Rd). It is located at the signalized intersection of LaGrange Rd and Chamberlain Ln where traffic counts exceed 28,000 vpd.
Pricing is based on a 8.0% cap rate for the shopping center and market value for the outparcels. Seller prefers to transfer entire asset, but will consider a separate sale of the shopping center and the outparcels.
There is an approved development plan in place for the outparcels at 2600 & 2604 Chamberlain Ln. The plan includes the annexation of a portion of Old Lagrange Rd into the property. This additional are is not included in the lot sizes indicated in the listing. Plan available upon request.
Pricing Detail:
Shopping Center (2632 Chamberlain Ln) 1.88 acres: $5,030,490.00
Outparcel 1 (2600 Chamberlain Ln) 1.1641 acres: $800,000.00/acre
Outparcel 2 (2604 Chamberlain Ln) 0.9681 acre: $800,000.00/acre
Outparcel 3 (2632 Chamberlain Ln) 0.8650 acre: $600,000.00/acre
Outparcel 4 (2636 Chamberlain Ln) 1.0740 acres: $685,000.00/acre
-> Excellent Frontage & Visibility
-> Heavily Trafficked, Signalized Intersection
-> Immediate Access & Direct Visibility to I-265
-> Ample Signage Opportunities
-> Close Proximity to Ford Heavy Truck Plant, Eastpoint Office Park, Kroger
Property website: https://buildout.com/website/AnchorageLandmark
For additional information, please request a confidentiality agreement from a listing agent.
Interested parties may also request the Confidentiality Agreement under the "Documents" tab, by visiting the following website: https://buildout.com/website/AnchorageLandmark

Attachments & Files

anonymousreport2021-02-17123624605-34H-Bhw.pdf

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		4,272	43,719	115,905
Population Median Age		36	38	39
Population by Age	0-9 Yrs	591 (13%)	5917 (13%)	14853 (12%)
	10-19 Yrs	747 (17%)	6124 (14%)	15216 (13%)
	20-29 Yrs	400 (9%)	5028 (11%)	12908 (11%)
	30-39 Yrs	514 (12%)	5762 (13%)	14399 (12%)
	40-49 Yrs	734 (17%)	6481 (14%)	16280 (14%)
	50-59 Yrs	636 (14%)	6103 (13%)	16299 (14%)
	60-69 Yrs	400 (9%)	4780 (10%)	13575 (11%)
	70+ Yrs	250 (5%)	3524 (8%)	12376 (10%)

Median HH Income		$101,529	$86,211	$85,623
Total Household Income	< 24K	178 (11%)	1759 (10%)	4416 (9%)
	25-49K	192 (12%)	2455 (14%)	7239 (16%)
	50-74K	181 (11%)	3022 (18%)	8463 (18%)
	75-99K	206 (13%)	2136 (13%)	5775 (12%)
	100-199K	535 (34%)	4795 (29%)	13779 (30%)
	200K+	241 (15%)	2220 (13%)	5472 (12%)

Highest Education Level	No Diploma	81	1341	3297
	Diploma or GED	336	4762	11986
	Some College	440	5792	15924
	Assoc. Degree	143	2166	5972
	Bachelors Degree	1035	8797	24707
	Higher Degree	669	6434	17999

Total Housing Units		1,617	17,435	47,856
--Owner-Occupied		1,084	12,092	33,845
--Renter-Occupied		449	4,295	11,298
Owner-Occupied Values	< 100K	15	451	1162
	100-199K	67	3507	9308
	200-299K	354	3327	10664
	300-399K	371	2143	6289
	400-499K	126	1167	3328
	500K+	151	1497	3095

Total Working Age Population		3,133	33,706	90,959
In Work Force		2,367	23,971	62,698
Not In Work Force		766	9,735	28,262
Workforce Employed		2,269	23,103	60,338
Workforce Unemployed		98	851	2,219
Civlian Workforce		2,366	23,954	62,557
Military Workforce		1	17	141

Total Households		1,533	16,387	45,143
Family Households		1,178	11,689	31,117
Non-Family Households		355	4,698	14,026
Married Couple		999	9,414	25,616
Other Family		179	2,274	5,501
Married w/Child		469	4,136	10,847
Single Male w/Child		69	421	984
Single Female w/Child		60	885	2,110

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Kentucky	4,041,769	+7	4,339,367	+4	4,533,464	+4	4,726,382
Jefferson County	693,604	+7	741,096	+7	790,010	+6	837,477
Shelby County	33,337	+26	42,074	+19	49,988	+19	59,415
Oldham County	46,178	+31	60,316	+15	69,419	+18	81,831

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.