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Jeffersonville Plaza 1710 E 10th St 120,525 SF 100% Leased Retail Building Jeffersonville, IN 47130 $4,199,260 ($34.84/SF) 8.24% Cap Rate
Investment Highlights
- 120,525 total square feet across four commercial buildings
- Over 177,000 people living within a 5-mile radius
- Significant value-add potential through strategic lease renewals, rental rate growth, and tenant mix optimization
- Strong Louisville MSA exposure; located in a rapidly growing metropolitan area with strong regional population growth
- High-visibility location with 30,000 AADT
Executive Summary
Jeffersonville Plaza is a strategically located neighborhood retail center in the heart of Jeffersonville, Indiana, benefiting from strong visibility, convenient access, and a growing consumer base within the Louisville, Kentucky MSA. The property features a diverse tenant mix that provides stable cash flow, minimizes rollover risk, and serves the daily needs of the surrounding community.
Positioned along a highly traveled corridor with strong demographic fundamentals, Jeffersonville Plaza offers investors the opportunity to acquire a value-add retail asset with long-term upside potential. Future growth can be achieved through rental rate increases, lease renewals, and continued expansion within one of Southern Indiana’s fastest-growing retail trade areas.
Positioned along a highly traveled corridor with strong demographic fundamentals, Jeffersonville Plaza offers investors the opportunity to acquire a value-add retail asset with long-term upside potential. Future growth can be achieved through rental rate increases, lease renewals, and continued expansion within one of Southern Indiana’s fastest-growing retail trade areas.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
120,525 SF
Building Class
B
Year Built/Renovated
1971/1993
Price
$4,199,260
Price Per SF
$34.84
Cap Rate
8.24%
NOI
$346,019
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
9.79 AC
Zoning
Commercial - General commercial zoning for various business activities.
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-19-01-000-573.000-010 | Improvements Assessment | $610,700 |
| Land Assessment | $372,700 | Total Assessment | $983,400 |
Property Taxes
Parcel Number
10-19-01-000-573.000-010
Land Assessment
$372,700
Improvements Assessment
$610,700
Total Assessment
$983,400
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