102 Castle Ridge Drive

Description

With a new Data Center being constructed in nearby Barren County, this building can be converted into at least two or three resident apartments. The building has been used as a Commercial Building but can now be used as a residential property. Located on a 0.28-acre lot (more property is available) just off West Stockton Street in Edmonton, KY. Building is on the corner of Castle Ridge Drive and Majestic Drive. The building is near (and can be seen) from Edmonton’s largest grocery store (IGA), McDonalds, and several other businesses in this vicinity of town. Stockton Street has the highest traffic flow in Edmonton and is also the corridor for highway US68/KY80. 

It contains approximately 2,700 Square Feet with large front room (44 feet X 19 feet) and there is a 13 X 14-foot kitchen with appliances and warehouse/storage space in the rear with a side garage door entrance. The warehouse /storage is 44 feet long X 20 feet wide. The HVAC unit and breaker box are in this section of the building which includes hookups for a washer and dryer. There is additional office space with a hallway. There are two restrooms, the men’s restroom is 4 feet X 5 feet and the women’s restroom which also includes a walk in shower is 9 feet X 5 feet. The building has concrete parking area in the front. This building provides many new possbilites for a new business or it is the perfect location to remodel the building into apartments taking advantage of the growing need in the local area. 

If new owners need financing, the owners will offer seller terms with 20% down, at a 7% fixed interest rate, 20-year term with a three (3) year ballon payment. 

If you need addtional land around the building, there is a possibility of purchasing the adacent land. 

One source for recent demographic information indicates that this site is within 24,000 people with a median age of 43.1 years old and an average household income of $64,000. Adjacent Stockton Strees averages 6,000 to almost 7,000 vehicles per day. 

Directions:

From the Cumberland Parkway now I-65 Spur take US 68/KY80 into Edmonton, Castle Ridge Road will be on the right just before you reach McDonalds. 

Showing Instructions:

Please call listing agent for more information