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    1659 Ky-501 Waynesburg, KY 40489

    Sponsored
    Picture of Churches & religious facilities at Ky-501 1659, Waynesburg, KY
    For Sale
    $120,000

    COMMERCIAL - Waynesburg, KY

    Property size:
    2,250 SF
    Lot size:
    0.31 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 7 at 6:06 pm

    Property Features for 1659 Ky-501

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    42.00
    Basement
    Full, Walk-Up Access, Unfinished, Walk-Out Access
    Size
    2,250 SF
    Lot size
    0.31 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Ductless (Heating)
    Cooling system
    Ductless

    Building Details

    Building materials
    Vinyl Siding
    Roof type
    Metal

    Keller Williams Commonwealth - Somerset (859) 721-2121

    Listing agent Curtis Brown (606) 669-6200

    Listing date Jan 6, 2026

    Copyright © 2026 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

    Waynesburg, KY - Investor Special

    This 2,250 sq ft property in Waynesburg, KY, presents a value-add opportunity for investors. Previously a church, the main level has been largely converted into a 4-bedroom, 1.5-bath layout, featuring a bonus room, office, and family room all on one level. Laundry is conveniently located on the main floor. The property includes a separate electric meter for the upper level and a 1,250 sq ft unfinished basement, offering excellent potential to add additional bedrooms, expand living space, or convert the property into a duplex or multi-unit investment. The basement is a blank canvas, ideal for maximizing value and rental income. Renovations on the main floor have been started but not completed, allowing the next owner to customize layouts and finishes in select areas upstairs while unlocking significant upside below. HVAC infrastructure is in place with ductwork already run; the fuel oil system will need repair or replacement, but the setup appears ready for straightforward installation of new indoor and outdoor units. Situated on a 0.31-acre lot, this property offers flexible configuration options. According to a recent appraisal, ARV exceeds $215,000.00 presenting a clear opportunity for investors seeking equity creation, BRRRR potential, or a long-term buy-and-hold.
    Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Map

    City
    Waynesburg
    County
    Lincoln
    State
    Kentucky
    Longitude
    -84.678879
    Latitude
    37.383613

    Nearby Similar for Sale

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    • $1,736,795
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      New Dollar General NNN Lease

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    FAQs

    What type of property is this?
    Church & religious facility - Former church with multi-unit potential and value-add opportunity.
    Where is this church & religious facility located?
    The property is located at 1659 Ky-501 Waynesburg, KY.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - High ARV Potential: Recent appraisal indicates an After Repair Value (ARV) exceeding $215,000.; - Value-Add Opportunity: Reposition this former church with substantial square footage.; - Flexible Layout: The 2,250 sq ft main level is partially converted into a 4-bedroom, 1.5-bath layout.
    (606) 669-6200
    Request Owner's contact information
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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
    1659 Ky-501 Waynesburg, KY 40489
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