541 4Th StDanville, KY 40422

Property Details for 541 4Th St

Lot size

0.37 AC

Property size (Sq ft)

3,000 SF

Zone code

COMMERCIAL

Property type

Commercial real estate

APN

D14-007-021

APU

D14007021

Description

This exceptional commercial property, located at 541 S 4th Street in Danville, Kentucky, presents a fantastic opportunity for a discerning buyer. Situated on a 0.62-acre lot on a heavily traveled street, this building boasts excellent visibility and accessibility. The property offers a generous 6,000 square feet of space, conveniently divided between 3,000 square feet on the main level and another 3,000 square feet on the lower level. The lower level features a large overhead door providing direct access to the driveway, ideal for loading and unloading or accommodating various business needs. Recent renovations have transformed the building, resulting in a modern and functional space. Improvements include three updated bathrooms, new flooring throughout, fresh paint, and an open floor plan that maximizes flexibility and usability. The property is currently vacant and awaits a new owner to capitalize on its prime location and versatile layout. This is an exceptional opportunity to establish or expand your business in a thriving area of Danville. The combination of size, location, and recent renovations makes this property a truly compelling investment.

• CAP approach

  CAP return

  Valuation

  6%

  $631,836

  6.5%

  $583,234

  7%

  $541,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $259,088

  Geo Method

  $258,240

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,092,330

  Retail / Commercial

  $571,089

  Mixed-Use / Specialty

  $577,680

  Hospitality / Lodging

  $435,057

  Office

  $583,234

  Institutional / Educational

  $603,638

  Residential Income

  $706,256

  Multifamily

  $799,219

  Automotive / Energy

  $517,404

  Parking / Income-Based Land

  $170,026

  Restaurant / Food Service

  $318,867

  Healthcare / Senior Housing

  $583,553

Location Insight

City

Danville

County

Boyle

State

Kentucky

Latitude

37.6362

Longitude

-84.7753

CBSA code

19220

CBSA name

DANVILLE, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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