For Sale
$995,000

3000 Canton StHopkinsville, KY 42240

11-Unit Commercial Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use investment property, located at 3000 Canton St, Hopkinsville, KY 42240, presents a compelling opportunity for investors seeking strong cash flow and significant return. The 14,924 square foot building, classified as a Class B property, boasts 11 units currently operating at 100% occupancy. The diverse tenant mix includes a variety of neighborhood businesses such as a massage parlor, barber shop, salon, tattoo studio, and medical transport services, ensuring consistent rental income. Situated on a one-acre lot in a high-traffic area with approximately 11,000 vehicles passing daily, the property benefits from its strategic location between a Walmart Neighborhood Market and a Huck's Gas Station/Truck Stop, providing excellent visibility and accessibility. The property features two stories across three buildings, zoned B-3, and offers a Net Operating Income (NOI) of $108,988, resulting in an attractive 11% capitalization rate. Detailed lease information and property management details are available upon request. This stabilized investment presents a rare opportunity to acquire a fully occupied, income-producing asset in a thriving Kentucky community. The property's established tenant base, combined with its prime location and strong NOI, makes it an ideal addition to any investment portfolio. This is a turnkey operation ready for a new owner to step in and begin profiting from the existing strong cash flow.

Property Details for 3000 Canton St

Property type
Office properties, Office space
Square Feet
14,924 SF
Class
B
Buildings
3
Stories
2
Lot Size (sq. ft)
43,560 SF
Units
11

Location Insight

City
Hopkinsville
County
Christian
State
Kentucky
Latitude
36.860336923532
Longitude
-87.512558409597
3000 Canton St, Hopkinsville, Kentucky

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3000 Canton St
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