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200 W Shelby Street

Falmouth, KY 41040
  • $99,000
  • STATUS: Contingent
  • ON SITE: 26 Days
  • MLS #: 24010679
Under Contract
UPDATED: 39 min ago
$99,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,856
    SQFT
  • $14
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

This large commercial building has been a fixture in downtown Falmouth for decades. The same family has owned the building since 1969. Over time, the building has housed many successful businesses. The second floor has been used as rental apartments and additional storage space for the businesses on the lower level. The options for mixed use are unlimited with the potential to have up to 4 businesses on the lower level and 4 apartments of various sizes on the upper level. With modifications, the potential is there for 2 - 1700'+ business units on the lower level. The projected rent factors with updated leases is between $2,500 - $3,000 per month. All current leases are on a month-to-month basis. At 6856' square feet (3428' on each level) the options are many.

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Lexington-Bluegrass Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than The Lexpert 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.lexingtonkyhomesearch.com/homes/150989216
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200 W Shelby Street Falmouth, KY 41040

  • Price: $99,000
  • Status: Contingent
  • On Site: 26 Days
  • Updated: 39 min ago
  • MLS #: 24010679
0
Beds
0
Baths
0
½ Baths
0.09
Acres
6,856
SQFT
$14
$/SQFT
Neighborhood:
Commercial
County:
Pendleton
Area:
Pendleton County
Property Description
This large commercial building has been a fixture in downtown Falmouth for decades. The same family has owned the building since 1969. Over time, the building has housed many successful businesses. The second floor has been used as rental apartments and additional storage space for the businesses on the lower level. The options for mixed use are unlimited with the potential to have up to 4 businesses on the lower level and 4 apartments of various sizes on the upper level. With modifications, the potential is there for 2 - 1700'+ business units on the lower level. The projected rent factors with updated leases is between $2,500 - $3,000 per month. All current leases are on a month-to-month basis. At 6856' square feet (3428' on each level) the options are many.
Exterior Features

Construction Materials Brick Docks Other Parking Off Site Roof Other Stories Two

Interior Features

Building Square Footage 6856 Ceiling Drywall Floor Type Other Leasable Square Footage 3428 Retail Square Footage 3428 Sprinklers None

Property Features

Business Type Business Current Zoning Retail/Apartment Lease Type Other Possession Close of Escrow Sale Lease Includes Leases Sewer Public Sewer Tax Rate 18.43 Per Thousand Terms Sale

Bluegrass REALTORS® logo Listing provided courtesy of Dennis Kenner of RE/MAX Creative Realty: (502) 570-5800 . Listing information © 2024 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.
Lexington-Bluegrass Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than The Lexpert 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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The Lexpert
141 Prosperous Pl, Suite 22A
Lexington KY, 40509
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