Versatile Commercial Property in
1405 Gillock Ave Carrollton, KY 41008
Investment opportunity with stable income and future upside potential.
Type:Office, Retail
Property size:
2,148 SFPrice / SF:
$79/SF- Added:
- Apr 16, 2025
- Days on Market:
- 451
- Last Refresh:
- Jul 2 at 8:20 am
Property Features for 1405 Gillock Ave
General Information
- Standard status
- Active
- Size
- 2,148 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2010
Listing office Pivot Realty Group
Listing date Apr 16, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Pivot Realty Group
Investment Insights
Based on property information with market context.
This commercial property in Carrollton, KY, presents a prime investment opportunity. The property is currently in the 2nd year of a 5-year lease with annual 2 percent rent escalations, with a 2026 lease amount of $1,530 per month. The tenant is responsible for utilities, lawn care, and snow removal, while the landlord covers taxes and insurance under a Modified Gross Lease. The current tenant operates a therapy office, and past tenants have successfully used the space as a tanning salon, demonstrating the property's versatility. The flexible layout is well-suited for professional offices, wellness services, or retail use. A large parking lot provides ample off-street parking. The lower level offers space ideal for storage or future build-out to expand usable square footage. Two separate entrances offer potential to partition the property for additional leasing opportunities. The property has a size of 2148 square feet.
Key Highlights
- Existing 5‑year lease in place with annual 2% rent escalations, providing stable and growing income.
- Modified Gross Lease minimizes landlord responsibilities: tenant pays utilities, lawn care, and snow removal.
- Versatile space suitable for professional offices, wellness services, or retail.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Investment opportunity with stable income and future upside potential.
Where is this office units located?
The property is located at 1405 Gillock Ave Carrollton, KY.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Existing 5‑year lease in place with annual 2% rent escalations, providing stable and growing income.; Modified Gross Lease minimizes landlord responsibilities: tenant pays utilities, lawn care, and snow removal.; Versatile space suitable for professional offices, wellness services, or retail.
