106 Main StWalton, KY 41094

Property Details for 106 Main St

Year built

1980

Lot size

0.46 AC

Property size (Sq ft)

13,556 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

078.06-10-014.00

APU

78061001400

Description

This 13,783 square foot multi-tenant retail building in Boone County's Walton Downtown District (WD zoning) presents a unique investment opportunity. The property, located at 106 N. Main Street, currently houses a fully leased restaurant, delicatessen, and meat processing facility. A significant portion of the building is available for lease or sale, offering 11,518 square feet of versatile space. The available space includes a 1,800 square foot delicatessen area and a substantial 9,718 square foot space ideal for processing, refrigeration, or other food-related businesses. The meat processing area features three dock doors for efficient shipping and receiving, along with ample cooler and freezer space. All existing equipment, furniture, and fixtures are included in the sale. This prime location in the heart of the Walton Downtown District offers high visibility and excellent access to local traffic. The reduced sale price makes this an attractive proposition for investors seeking a strong return on investment in a thriving commercial area. The property's existing tenants provide a stable income stream, while the available space offers significant potential for expansion or diversification. Don't miss this chance to acquire a well-established and versatile commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,942,790

  6.5%

  $2,716,422

  7%

  $2,522,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,242,470

  Geo Method

  $4,242,470

• Alternative Use

  Use

  Valuation

  Residential

  $2,291,404

  Hospitality

  $2,098,913

  Educational

  $1,746,271

  Medical

  $1,806,328

  Retail

  $2,716,422

Location Insight

City

Walton

County

Boone

State

Kentucky

Latitude

38.8705

Longitude

-84.613

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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