7006-7014 Hughes Ave

Investment Overview

"The subject property consists of seven (7) buildings totaling gross building area of approximately 17,093 square feet. The back parcel consisting of two buildings totaling 3,569 SF is currently under contract to purchase for $270,000 or $75.65 per SF. These two buildings were built in 1992, and the one containing 25% office has had some renovations since 2010.

The buyer (Borrower) owns the other contiguous parcel containing the remaining five buildings in this report. He is unclear whether he will rent the buildings as storage spaces or occupy them himself. The remaining five buildings on the contiguous parcel were built from 1980 to 2013. There is a main office building at the front of the property that is two stories consisting of 3,000 SF. In the past, individual offices were rented but it is now entirely owner-occupied. Behind the office is a 3,360 SF masonry warehouse that was built in 1980 and is currently owner-occupied. In 2013, a 1,440 SF wood frame metal exterior warehouse was added on to the back and is currently being rented as four (20x18) storage spaces. Also in 2013, three more wood frame, metal exterior low-cost buildings were built to rent as storage spaces. These three buildings total 5,724 SF." - Nov 2025 Appraisal

Area Overview

Property is situated less than five minutes to I-265 and I-71 x 14 in western Oldham County, KY. This makes it convenient to all the resources of rail, interstate highways, the riverports of both Southern Indiana, and Jefferson County KY.
The area has few commercial properties that allow for flex-space and/or office space. 

Highlights

The perfect property for a growing contractor needing storage and office space with ample space for parking service trucks, etc.