161 Court StWhitley City, KY 42653

Property Details for 161 Court St

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.13 AC

Property size (Sq ft)

1,200 SF

Property type

Office buildings

APN

120-20-04-006.00

APU

120200400600

Description

This exceptional commercial property, located at 161 Court Street in Whitley City, Kentucky, presents a unique investment opportunity. Situated in the heart of downtown, this 0.13-acre lot boasts a building previously operating as a combined boutique, office, and apartment. The property offers 4-5 parking spaces, benefiting from high traffic volume. The building is available furnished and decorated, including a cash register and various other business items, ready for immediate operation. The seller offers the option to purchase the boutique inventory separately. This turnkey solution is priced significantly below market value, making it an attractive proposition for entrepreneurs seeking a well-established business location. The property's versatile layout allows for diverse business applications, capitalizing on its prime downtown Whitley City location (zip code 42653) within McCreary County. The asking price is $79,900. This is a rare chance to acquire a thriving commercial space in a desirable Kentucky location. Don't miss this opportunity to own a piece of Whitley City's vibrant downtown.

• CAP approach

  CAP return

  Valuation

  6%

  $205,885

  6.5%

  $190,048

  7%

  $176,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $102,004

  Geo Method

  $103,296

• Alternative Use

  Use

  Valuation

  Residential

  $235,660

  Hospitality

  $215,863

  Educational

  $179,595

  Medical

  $185,772

  Retail

  $279,371

Location Insight

City

Whitley City

County

Mccreary

State

Kentucky

Latitude

36.7264

Longitude

-84.4708

Property Tax & Assessments

FAQs

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