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    1 Public Sq Lancaster, KY 40444

    Pending
    For Sale
    $189,000

    COMMERCIAL - Lancaster, KY

    Property size:
    3,536 SF
    Days on Market:
    85
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 1 Public Sq

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    APN
    L3-07-002
    Size
    3,536 SF

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1790
    Floors in Building
    2
    Building materials
    Brick

    Danny Ayres Realty & Auction 7924025

    Listing agent H Daniel Ayres (859) 792-4025

    Listing date Sep 12, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Lancaster, KY

    This mixed-use property, located at 1 Public Square in Lancaster, KY, encompasses 3536 square feet and includes the real estate at 1, 3, & 5 Public Square. The property currently features two store fronts, formerly a Subway store and an adjacent retail space, with an apartment situated on the top floor. The residential unit is habitable with repairs to the back wall. An engineering report detailing the necessary repairs is available from the owner. The lot size is 0 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Subway Sandwich Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Garrard
    State
    Kentucky
    Longitude
    -84.579254
    Latitude
    37.619316

    Nearby Similar for Sale

    • New
      $185,000
      Pending

      Former Gas Station/Market Opportunity

      Large building, parking, and corner lot included in sale.
      103 Baker Ave, Lancaster, KY 40444
      View Details
    • $425,000
      1.47 Acres

      Established Diner - Lancaster, KY

      Turnkey Restaurant, Loyal Clientele, High Profits
      1862 Pine Crest Rd, Lancaster, KY 40444
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring retail and residential potential in Lancaster, KY.
    Where is this mixed-use property located?
    The property is located at 1 Public Sq Lancaster, KY.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: - Includes three properties: 1, 3, & 5 Public Square.; - Features two store fronts.; - Includes an apartment on the top floor.
    (859) 792-4025
    Request Owner's contact information
    1 Public Sq Lancaster, KY 40444
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Public Sq Lancaster, KY 40444
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