601 Greene DrGreenville, KY 42345

Property Details for 601 Greene Dr

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.89 AC

Property type

Healthcare properties

Property subtype

Medical offices

APN

109-01-01-022.001

APU

1090101022001

Description

This exceptional 0.89-acre commercial property located at 601 Greene Drive in Greenville, Kentucky, presents a unique investment opportunity. Priced at $325,000, the building offers significant potential for a variety of commercial uses. Previously configured as a medical office, the space is currently operating as a counseling center, demonstrating its adaptability to different professional settings. The existing layout provides a functional and efficient workspace, ready for immediate occupancy or customization to suit specific business needs. The property's 0.89-acre lot offers ample space for parking, expansion, or outdoor amenities. Its location in Greenville, Kentucky, provides convenient access to local amenities and transportation routes. This property is ideal for entrepreneurs, established businesses seeking expansion, or investors looking for a strong return on investment in a versatile commercial space. The building's history of successful operation as both a medical office and a counseling center speaks to its inherent flexibility and suitability for a range of professional services. The asking price represents a compelling opportunity to acquire a well-situated commercial property in a thriving Kentucky community. Serious inquiries are encouraged to explore the full potential of this promising investment. The property is available for immediate possession.

• CAP approach

  CAP return

  Valuation

  6%

  $6,697,252

  6.5%

  $6,182,079

  7%

  $5,740,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,337,150

  Geo Method

  $3,337,150

• Alternative Use

  Use

  Valuation

  Residential

  $7,665,778

  Hospitality

  $7,021,812

  Educational

  $5,842,064

  Medical

  $6,042,982

  Retail

  $9,087,656

Location Insight

City

Greenville

County

Muhlenberg

State

Kentucky

Latitude

37.2183

Longitude

-87.1793

CBSA code

16420

CBSA name

CENTRAL CITY, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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