161 Court StWhitley City, KY 42653
- Office properties
- 1,200 SF
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
Location Insight
- City
- Whitley City
- County
- Mccreary
- State
- Kentucky
- Latitude
- 36.7264
- Longitude
- -84.4708
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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