Versatile Commercial Property in
For Sale
$170,000
1405 Gillock Avenue, Carrollton, KY 41008
Investment opportunity with stable income and future upside potential.
Property Size2,862 SF
Price / SF$79.14
Days on Market152
Property Features for 1405 Gillock Avenue
General Information
Standard status
Active
Size
2,862 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
2,862 SF
Year Built
2010
Buildings
1
Listing Agency:
Keller Williams Realty Service
(859) 240-0727
Listed By:
Brandon Breeden · License #289384
(859) 240-0727
Source:
Bushrealty
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 24 at 1:59PM
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 Keller Williams Realty Service
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 41008, KY
7,602
Population
3,104
Households
2.4
Avg Household Size
38
Median Age
7%
College-Educated
83%
High-School Grad
47.1 sq mi
ZIP Area
161
Density / Sq Mi
$60,000
Median Household Income
$38,162
Median Earnings
$848
Median Rent
$142,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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 Avenue 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.
