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    212 W Water Street

    Richmond, KY 40475
    • $599,000
    • STATUS: Active
    • ON SITE: 56 days
    • MLS #: 20023534
    UPDATED: 53 min ago
    $599,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,219
      SQFT
    • $186
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Introducing The Copper Still. Here's a Wonderful Opportunity to Own not only a Turn-Key Bar/Restaurant/Nightclub, but the Building it sits in as Well. Located in Downtown Richmond, with its Vibrant Dining/Entertainment Scene, plus near EKU's Campus. The Copper Still has Strong Business Relationships in Promoting Events/Private Bookings. This Building/Business Offers the New Owners the Fortuity of an Updated, Upscale Venue that will Delight Their Clientele!!! From the Gaming Area at the Entrance, to the Bar with its Custom Bar-Back, to the Couches, Love Seats and Bar Stools of the Main Area, to the Fabulous Patio Area, this Building/Business will Appeal to Almost Anyone. The Technology Implemented in the Business, allows for Nearly Complete Control from the Owners Phone. The Business' Financial Reports Show a Positive Cash Flow, Property was Passively Managed Prior to Onsite Managers being Hired, an Owner/Operator will Show Even Higher Returns. Owner Financing is an Option.

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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 Better Homes and Garden 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.lexingtonkyhomesearch.com/homes/112269430
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    212 W Water Street Richmond, KY 40475

    • Price: $599,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 20023534
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    3,219
    SQFT
    $186
    $/SQFT
    Neighborhood:
    Commercial
    County:
    Madison
    Area:
    Madison County
    Property Description
    Introducing The Copper Still. Here's a Wonderful Opportunity to Own not only a Turn-Key Bar/Restaurant/Nightclub, but the Building it sits in as Well. Located in Downtown Richmond, with its Vibrant Dining/Entertainment Scene, plus near EKU's Campus. The Copper Still has Strong Business Relationships in Promoting Events/Private Bookings. This Building/Business Offers the New Owners the Fortuity of an Updated, Upscale Venue that will Delight Their Clientele!!! From the Gaming Area at the Entrance, to the Bar with its Custom Bar-Back, to the Couches, Love Seats and Bar Stools of the Main Area, to the Fabulous Patio Area, this Building/Business will Appeal to Almost Anyone. The Technology Implemented in the Business, allows for Nearly Complete Control from the Owners Phone. The Business' Financial Reports Show a Positive Cash Flow, Property was Passively Managed Prior to Onsite Managers being Hired, an Owner/Operator will Show Even Higher Returns. Owner Financing is an Option.
    Exterior Features

    Construction WoodStoneConcrete Dock Doors 0 Docks None Drive In Doors 0 Lot Expansion Sq Ft 0 Parking 21 - 35 Spaces Roof Type CompositionShingle Stories One

    Interior Features

    Ceiling DroppedOpen Elevator Capacity 0 Flooring WoodTile/Brick Floors Serviced 0 Miscellaneous Air ConditioningSecurity Alarm100/200 Amp3 Phase ElectricityHot Water Heater Restrooms Mens 1 Restrooms Womens 1 Sq Ft Building 3219 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 40

    Property Features

    Ada Accessible No Adv License And Permit 0 Annual Rent 0 Building Expansion Sq Ft 0 Cash Flow Before Tax 8500 Ceiling Height 0 Credit Losses And Vacancy 0 Current Zoning B1 Documents On File Appraisal Electric 450 Electricity Location Front Electricity Phase 110/240 Elevator Services 0 Exchange Will Consider Fire Code No Fuel Expense 60 Gas Pipe Size 0 Gross Operating Income 0 Gross Scheduled Rent Income 0 Janitorial Services 0 Land Lease 0 Lawn Services 0 Lease Type None Less Operating Expense 0 Net Operating Income 0 Non Conforming No Occupancy 0 Occupant Type Owner Other Income 0 Payroll 0 Personal Property Taxes 800 Possession Close Of EscrowNegotiable Property Insurance 0 Property Management 0 Property Subtype1 Restaurant Real Estate Taxes 3300 Repairs And Maintenance 0 Rubbish Services 0 Sale Or Lease Includes BuildingsBusinessFurnitureFixturesEquipmentInventoryLicenses Sewer Sewer ConnectedSanitaryStormCity Sewer And Water 60 Sprinklers None Tax Rate .0115072 Telephone 180 Terms SaleCashConventionalSeller Financing Total Annual Debt Service 0 Total Gross Income 271000 Total Operating Expense 11000 Utilities On Site Electricity ConnectedNatural Gas ConnectedWater ConnectedTelephoneOther Water Pipe Size 0 Year Built Exception Unknown

    Listing provided courtesy of Nancy Smith of Rector Hayden, Realtors. Listing information © 2021 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 Better Homes and Garden 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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    Better Homes and Garden Real Estate Cypress
    3221 Summit Square Place, Ste 200
    Lexington KY, 40590
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