6250 sf with Storefront and Active STR; Build to Suit
Mixed Use | 5.47% CAP | 6,250 SqFt
Marketing description
Outstanding Commercial Opportunity at 110 West Kentucky Ave, Pineville, KY
Seize the chance to utilize 6,250 square feet of exceptional commercial space on the ground and upper levels, strategically located in the bustling town square of Pineville. This high-traffic location (HWY 25E) ensures incredible exposure and easy access, making it an ideal site for your next business venture.
Currently, the lower level is 3125 sq ft and is partially designed as a vendor's mall, offering a flexible layout suitable for a wide range of business types, including a lively restaurant, professional office space, medical office, pub, or retail storefronts.
A unique feature of this property is the well-established Boone Trace Inn (active STR) on the upper level, which includes 7 private bedrooms equipped with coded entry doors, perfectly positioned to attract visitors and tourists. The common areas are designed for comfort and convenience, featuring a generous gathering room, a fully equipped kitchen, a spacious dining area, and 2.5 bathrooms, all enhancing the property’s attractiveness.
With an appealing price point of under $100 per square foot, this property presents an incredible investment opportunity, totaling 6,250 square feet across both levels. The second floor is elegantly furnished with high-quality decor and furnishings that will be included in the sale, ensuring a smooth transition for the new owner.
Moreover, this prime location is merely moments away from Pine Mountain State Park, drawing a consistent flow of potential customers and guests. Don’t let this chance slip by to acquire a versatile space that promises growth and success in a thriving community.
Reach out to us today for a listing agent accompanied, private tour and discover the limitless possibilities awaiting you at 110 West Kentucky Ave!
Owner runs multiple businesses and limited STR income to $20,000 per year.
Investment highlights
Run the numbers here: https://rabbu.com/e/5gfr6
-3125 of finished space on second floor with 7, high-end, fully renovated, bedrooms, 2.5 baths, full kitchen and dining room, and 2 family rooms rented individually as active STR on airbnb
-2818 of commercial space on first floor, build to suit 2 bath, 4 Rooms and one large Storefront Space
-Current 4% cap rate with much more potential. Owner self-limited to $25K per year.
-Potential to add additional room rentals on first floor
-Potential lease space on 1st floor, 2818
-Owner added split units in the rental rooms.
-Located in town square at the base of Pine Mountain and vicinity Pine Mountain State Park and the Cumberland Gap
-High traveled area on HWY 25E
-Mixed use (potential for medical offices, retail, restaurant, traditional offices, community space, additional STR rentals, etc.)
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