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Listed by Keller Williams Realty Service
$ 170,000
Est. payment /mo
Active
1405 Gillock Avenue Carrollton, KY 41008
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Unknown
MLS Listing ID 640521
Year Built 2010
Lot Size 6,098 Sqft
Property Sub-Type Office
Property Description
Investors, don't miss this prime investment opportunity in Carrollton, KY. This commercial property is currently in the 2nd year of a 5-year lease with annual 2 percent rent escalations (2026 lease amount: $1,530/month), providing reliable and growing income. Tenant pays utilities, lawn care, and snow removal, while the landlord covers taxes and insurance (Modified Gross Lease), helping keep ownership responsibilities minimal. The current tenant operates a therapy office, while 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 for clients and customers.
The lower level adds value with 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. Located in a thriving area of Carrollton, this property offers investors stable income today with upside potential for the future. Buyer to verify all information. Seller is related to listing agent.
The lower level adds value with 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. Located in a thriving area of Carrollton, this property offers investors stable income today with upside potential for the future. Buyer to verify all information. Seller is related to listing agent.
Location
State KY
County Carroll
Rooms
Basement Full
Interior
Heating Heat Pump
Cooling Zoned
Flooring Vinyl
Exterior
Exterior Feature Lighting
Parking Features Parking Lot
View Y/N N
Roof Type Metal
Building
Story Two
Foundation Block
Sewer Public Sewer
Level or Stories Two
New Construction No
Others
Special Listing Condition Standard