161 Court StWhitley City, KY 42653

  • Office properties
  • 1,200 SF
For Sale
$79,900 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
161 Court St, Whitley City, Kentucky

Location Insight

City
Whitley City
County
Mccreary
State
Kentucky
Latitude
36.7264
Longitude
-84.4708

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$147
-
-
$18,000
-
-
-
$18,000

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