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    5860 Main Street

    Clay City, KY 40312
    • $650,000
    • STATUS: Active
    • ON SITE: 291 days
    • MLS #: 1927497
    UPDATED: 83 min ago
    $650,000
    • 0
      BEDS
    • 4.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,204
      SQFT
    • $27
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1987
    County:

    School Ratings & Info

    Description

    Unique opportunity to own an established multi-use commercial property, with 4.3 +/- acres situated on the corner of the Mountain Parkway and Main Street in Clay City. Property currently has 5 separate tenants bringing in $6,800 in monthly rent with annual increases plus over 7,000 sq feet of additional rentable space. This commercial opportunity features several streams of cash flow and revenue. Business consists of a restaurant, liquor store, health clinic, and cable company. Addition warehouse space, office space, and a single family dwelling with space for an additional out parcel. Property includes large parking area, and additional storage area. This is an opportunity with great upside while getting an immediate cash flow.

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    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Judd Hisel | Ciara Hagedorn | Better Homes & Gardens Real Estate Cypress are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
    www.comehometolex.com/homes/101448973
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    5860 Main Street Clay City, KY 40312

    • Price: $650,000
    • Status: Active
    • Updated: 83 min ago
    • MLS #: 1927497
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.3
    Acres
    24,204
    SQFT
    $27
    $/SQFT
    1987
    Built
    Neighborhood:
    Commercial
    County:
    Powell
    Area:
    Powell County
    Property Description
    Unique opportunity to own an established multi-use commercial property, with 4.3 +/- acres situated on the corner of the Mountain Parkway and Main Street in Clay City. Property currently has 5 separate tenants bringing in $6,800 in monthly rent with annual increases plus over 7,000 sq feet of additional rentable space. This commercial opportunity features several streams of cash flow and revenue. Business consists of a restaurant, liquor store, health clinic, and cable company. Addition warehouse space, office space, and a single family dwelling with space for an additional out parcel. Property includes large parking area, and additional storage area. This is an opportunity with great upside while getting an immediate cash flow.
    Exterior Features

    Construction WoodBrickSteel Dock Doors 1 Docks 1 - 3 Docks Drive In Doors 0 Lot Expansion Sq Ft 0 Parking 21 - 35 SpacesOn SitePavedGravel Roof Type Metal Stories One

    Interior Features

    Ceiling DroppedOpen Elevator Capacity 0 Flooring VinylTile/BrickConcrete Floors Serviced 0 Miscellaneous Air ConditioningHot Water Heater Restrooms Mens 0 Restrooms Womens 0 Sq Ft Building 0 Sq Ft Common Area 0 Sq Ft Gross Leasable 0 Sq Ft Office 0 Sq Ft Retail 0 Sq Ft Warehouse 0 Water Heater Size 0

    Property Features

    Adv License And Permit 0 Annual Rent 81600 Building Expansion Sq Ft 0 Cash Flow Before Tax 0 Ceiling Height 0 Credit Losses And Vacancy 0 Current Zoning Commercial Electric 0 Elevator Services 0 Fuel Expense 0 Gas Pipe Size 0 Gross Operating Income 0 Gross Scheduled Rent Income 5800 Janitorial Services 0 Land Lease 0 Lawn Services 0 Less Operating Expense 0 Net Operating Income 0 Occupancy 0 Occupant Type Tenant Other Income 0 Payroll 0 Personal Property Taxes 0 Possession Close Of Escrow Property Insurance 0 Property Management 0 Property Subtype1 Retail Property Subtype2 Mixed Use Property Subtype3 Restaurant Real Estate Taxes 0 Repairs And Maintenance 0 Rubbish Services 0 Sale Or Lease Includes BuildingsLandLeases Sewer Sewer Connected Sewer And Water 0 Sprinklers None Tax Rate .8112 Telephone 0 Tenant Pays ElectricGasWaterSewerTrash Removal Terms Sale Total Annual Debt Service 0 Total Gross Income 0 Total Operating Expense 0 Utilities On Site Electricity ConnectedNatural Gas ConnectedWater ConnectedTelephone Water Pipe Size 0

    Listing provided courtesy of V. Keith Wilson of Coldwell Banker Mcmahan. Listing information © 2020 LBAR Multiple Listing Service. All rights reserved.
    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Judd Hisel | Ciara Hagedorn | Better Homes & Gardens Real Estate Cypress are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
     
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    Judd Hisel | Ciara Hagedorn | Better Homes & Gardens Real Estate Cypress
    3221 Summit Square Place, Suite 200
    Lexington KY, 40509