213 Main StNicholasville, KY 40356

Property Details for 213 Main St

Property size (Sq ft)

16,165 SF

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

058-10-25-007.00

APU

58102500700

Description

This exceptional commercial property, situated at 213 S Main Street in Nicholasville, Kentucky, presents a unique investment opportunity. The 0.12-acre lot houses a versatile office space ideally located just minutes from the Jessamine County Courthouse and the bustling heart of downtown Nicholasville. Its prime South Main Street address ensures excellent visibility and accessibility, attracting significant foot traffic and enhancing its appeal to potential tenants. The property boasts a proven track record of strong rental income, demonstrating its consistent market demand. Convenient on-site parking directly in front of the building provides ample and easy access for both tenants and their clients or visitors. The charming curb appeal adds to the overall attractiveness of this highly sought-after commercial space. This is a rare chance to acquire a well-established and profitable commercial property in a thriving Kentucky location. The property's established rental history and desirable location make it an ideal investment for those seeking a stable and potentially lucrative return. Don't miss this opportunity to own a piece of Nicholasville's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $3,724,972

  6.5%

  $3,438,436

  7%

  $3,192,834

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,163,881

  Geo Method

  $2,156,799

• Alternative Use

  Use

  Valuation

  Residential

  $3,438,436

  Hospitality

  $3,149,589

  Educational

  $2,620,421

  Medical

  $2,710,542

  Retail

  $4,076,211

Location Insight

City

Nicholasville

County

Jessamine

State

Kentucky

Latitude

37.8818

Longitude

-84.5728

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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