For Sale
$915,000

149 Main St Madisonville, KY 42431

Downtown Madisonville restaurant opportunity. High traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 5,344 square foot free-standing restaurant building, constructed in 2015, presents a unique investment opportunity in the heart of downtown Madisonville, Kentucky. Located at 149 S Main St, this property sits on a generous 1.21-acre lot (APN: M-33-2-9-1) providing ample parking for patrons. The building boasts a single story and is strategically positioned at a signalized intersection experiencing approximately 19,000 vehicles per day, ensuring high visibility and accessibility. The property's previous use as a bank branch, scheduled to close April 24, 2024, offers a turnkey space with existing infrastructure. Note that the bank will lease back the ATM after closing. The asking price is $915,000, translating to $171.22 per square foot. While there is a banking use deed restriction in place at closing, the property's zoning and size make it ideal for conversion into a thriving restaurant. This prime location and high traffic count make this a rare opportunity for a successful culinary venture in a vibrant downtown setting.

Highlights

  • 5,344 SF free-standing restaurant building on a 1.21-acre lot in downtown Madisonville, KY.
  • Located at 149 S Main St, on a signalized intersection with 19,000 VPD.
  • Built in 2015, previously a bank branch (closing April 24, 2024), ATM leaseback in place.
  • $915,000 asking price ($171.22/SF).
  • Zoned for restaurant use, despite existing banking deed restriction.

Property Details for 149 Main St

Property type
Retail properties, Restaurants
Square Feet
5,344 SF
Year Built
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
52,708 SF

Location Insight

City
Madisonville
County
Hopkins
State
Kentucky
Latitude
37.325633883479
Longitude
-87.499618468871

FAQs

What type of property is this?
Retail property - Downtown Madisonville restaurant opportunity. High traffic area.
Where is the retail property located?
The property is located at 149 Main St Madisonville, KY.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: 5,344 SF free-standing restaurant building on a 1.21-acre lot in downtown Madisonville, KY.; Located at 149 S Main St, on a signalized intersection with 19,000 VPD.; Built in 2015, previously a bank branch (closing April 24, 2024), ATM leaseback in place.
How can I contact the broker?
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149 Main St
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