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132 Elm St 5,800 SF of Retail Space Available in Ludlow, KY 41016
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,800 SF | Negotiable | $18.00 /SF/YR $1.50 /SF/MO $104,400 /YR $8,700 /MO | Modified Gross |
1st Floor
• Total approximate 5,800 square feet • Membrane Roof • 3 rooftop HVAC units, one recently replaced. • Natural gas Kohler Generator rooftop mounted, serves the entire bldg., (needs repair). • Full color digital electronic pylon sign • Suite 126 approximately 2,685 sqft. Former Dr’s office, all F,F, & E included. (floor plans available to subdivide the space.) • Suite 130 approximately 3,115 sqft Former pharmacy • Security wired, cell phone backup phone lines shielded.
- Listed rate may not include certain utilities, building services and property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 132 ELM ST, LUDLOW, KY 41016
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Ludlow Pharmacy
- Cocktail Bar
- 1
- -
- Ludlow Primary Care
- -
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Ludlow Pharmacy | Cocktail Bar | 1 | - |
| Ludlow Primary Care | - | 1 | - |
PROPERTY FACTS
| Total Space Available | 5,800 SF | Total Land Area | 0.22 AC |
| Property Type | Retail | Year Built | 1975 |
| Property Subtype | Freestanding | Parking Ratio | 1.55/1,000 SF |
| Gross Leasable Area | 5,800 SF |
| Total Space Available | 5,800 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 5,800 SF |
| Total Land Area | 0.22 AC |
| Year Built | 1975 |
| Parking Ratio | 1.55/1,000 SF |
ABOUT THE PROPERTY
FOR SALE or LEASE This commercial property located on a high-profile corridor in booming Ludlow, KY offers exceptional visibility, high traffic counts & approx. 5,800 sq ft of total space, divided into two suites. Suite 1 has approximately 2,685 sq ft, is well-suited for medical or professional offices, & includes all FF&E. The space is versatile & can be subdivided to accommodate multiple tenants or uses. Suite 2 is approximately 3,115 sq ft, was formerly occupied by a pharmacy & features a convenient drive-up window. This space offers endless possibilities for retail, food service, or other uses that require high visibility & accessibility. The property is equipped with a range of modern features, including a membrane roof, a natural gas Kohler generator that serves the entire building, & a full-color digital electronic pylon sign. The building is secured by a wired system w/ cell phone backup & includes 3 parcels with 18 parking spaces. Overall, this property offers a unique opportunity for businesses seeking a prominent location with high visibility & accessibility. Its prime location on a major thoroughfare makes it an ideal choice for entrepreneurs & executives looking to establish a successful presence in a vibrant area.
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
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132 Elm St
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