1405 Gillock Avenue, Carrollton, KY 41008

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.