Investment Opportunity!

Retail-Commercial for Sale
Catylist Listing ID: 30786070
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 10,500 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $1,200,000
Unit Price: $114.29 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/9/2022

Overview / Comments

INVESTOR ALERT! Location, Location, Location, Location! 10,000 sf of residential and commercial rental space located on the heavily traveled North 25th St in Middlesboro, KY. This 2 story building sits on 1.3 acres and has a 48+ year revenue history. The 1st floor has 5,000 sf of commercial space. 3,500 sf is currently leased and being utilized as a convenience store. 1,500 sf is being utilized as a laundromat and has been owner for the past 48+ years. Although currently owner operated, a tenant for the laundromat has been identified and is willing to sign a long term lease. The 2nd floor consists of 8 apartments that also have a 48+ year of revenue history and is currently 100% occupied. A new HVAC system has recently been installed, the roof is 4 years young, and the exterior of the building has recently been painted. Priced at $1,200,000, this is a great opportunity to purchase a building with multiple revenue streams in a great location. Call the listing agent at 606 248 4932 for detailed financial information."

Additional Details

Nearest MSA: Middlesborough
County: Bell
Tax ID/APN: 069-30-00-247.00
Retail Clientele: General, Family
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,200 SF
Property Condition: Good
Year Built: 1971
Construction/Siding: Brick
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,849 8,775 18,430
Median Age: 42.38 41.66 39.04
Households: 1,271 3,782 7,402

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