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$ 700,000
Est. payment /mo
Active
243 Commercial Drive Vanceburg, KY 41179
1.72 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 552970
Annual Tax Amount $6,511
Lot Size 1.720 Acres
Acres 1.72
Lot Dimensions 1.72 Acres
Property Sub-Type Business
Source NKY
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.
Location
State KY
County Lewis
Area Lewis County
Direction AA Highway East to a left on Commercial Drive in Vanceburg. The property is located on the AA Highway.
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet
Inclusions ,
Exterior
Utilities Available Natural Gas Available
Roof Type Shingle
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Listed by Copperwood Realty Group LLC