109 Madison St Owenton, KY 40359

This 2,900 square foot commercial building, located at 109 S Madison in Owenton, Kentucky (zip code 40359), presents a unique investment opportunity. Built in 1967, the single-tenant property sits on APN 061-20-00-046.06 and offers significant flexibility for a variety of uses. Currently at 25% occupancy, the building's diverse past tenancy includes state and federal offices, demonstrating its adaptability to different business models. The property is classified as Retail, Office, Mixed Use, Special Purpose, and Business for Sale, reflecting its potential for diverse applications such as a restaurant, executive office space, medical office, or religious/church use. The asking price is $197,500, with a 0.00% cap rate and a remaining lease term of 0 years, providing immediate control and development potential for the new owner. The building's location in downtown Owenton offers excellent visibility and accessibility. This property is ideal for an entrepreneur seeking a versatile space to establish their business or an investor looking for a redevelopment project with significant upside. The substantial square footage allows for creative adaptation to meet the needs of a wide range of commercial ventures. The property's history of housing government offices speaks to its structural integrity and suitability for professional uses.