Address
243 Commercial Drive Vanceburg, KY
Price
$ 700,000
Property Attributes
  • MLS#552970
  • TypeCommercial
  • CountyLEWIS
  • CityVanceburg
  • AreaLewis County
  • Zip41179
  • StyleBusiness
  • Price$ 700,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.72 Acres
Listing Provided Courtesy Of:
Copperwood Realty Group LLC - 859-331-2333
Data Source:
Northern Kentucky MLS (NKAR)
Property Description

Single tenant building that was custom built to suit for the Commonwealth of Kentucky Cabinet for Health and Family Services. The property is leased until June 30, 2028 making this a high return office investment with nearly 7 years of lease term remaining. This office building is offered for sale at less than 50% of replacement cost. This modified gross lease provides for tenant paid utilities and some tenant paid maintenance. The net operating income is approximately $52,000 per year providing a 7.43% cap rate.

Price History
9/13/2021 Listed $700,000

General Features

Basement None
Business Type Commercial
Construction Materials Brick
Flooring Carpet
Lot Size Square Feet 74923.2
MLS Area K30 - Lewis County
Mlsareaminor K30 - Lewis County
New Construction No
Property SubType Business
Roof Shingle
Sewer Public Sewer
Water Sewer Expense 0.0
Zoning Description Commercial

Exterior Features

Land Lease Type Fee
Lot Dimensions 1.72 Acres
Lot Size Acres 1.72
Lot Size Area 1.72
Lot Size Units Acres
Numberofunitsbuildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 41179

Price
AVG $700K
$700K
Visits
AVG 8
8
Walkscore
AVG 36
19
Data Provided by Walkscore ® not using MLS data

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