Turn-Key Corner Retail/Restaurant
1933 Petersburg Road Hebron, KY 41048
1933 Petersburg Road, Hebron, KY, 41048
$545,000
Pending
For Sale
$545,000
Pending
COMMERCIAL - Hebron, KY
Property Size3,468 SF
Lot Size0.25 Acres
Days on Market150
Property Features for 1933 Petersburg Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Pending
- APN
- 047.00-12-020.00
- Size
- 3,468 SF
- Lot size
- 0.25 Acres
Building Details
- Year built
- 1940
Listing Agency
Epique Realty
(502) 552-8001
217 W Spring St, Louisville, KY
Listed by
Julie G Thompson
(859) 227-8509
Added: Feb 18 Checked: Jul 18 at 5:06 am
MLS# 26002919
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.
Investment Insights
Based on property information with market context.
This single-story, single-tenant retail/restaurant building sits on a corner lot and was originally designed and operated as a bar/restaurant. The offering includes the existing fixtures, furniture, and equipment, creating a turn-key option for an owner-user or buyer looking to continue operating as a restaurant or bar. The property is documented as built in 1940 and totals approximately 3,493 to 3,648 square feet of functional interior space.
The site provides substantial frontage on Petersburg Road (KY-20) with corner exposure, offering visibility along a well-traveled corridor in Hebron, Boone County. On-site parking is available, supporting convenient customer access for dining and retail-oriented concepts.
Zoned C-2 with a Small Community Overlay (C-2/SC), the property supports a range of commercial uses, including restaurant/bar and other retail sales or service business activity. Office and adaptive reuse may be possible subject to local zoning approval, making the building a practical fit for operators seeking a versatile, ready-to-occupy commercial structure with included equipment.
The site provides substantial frontage on Petersburg Road (KY-20) with corner exposure, offering visibility along a well-traveled corridor in Hebron, Boone County. On-site parking is available, supporting convenient customer access for dining and retail-oriented concepts.
Zoned C-2 with a Small Community Overlay (C-2/SC), the property supports a range of commercial uses, including restaurant/bar and other retail sales or service business activity. Office and adaptive reuse may be possible subject to local zoning approval, making the building a practical fit for operators seeking a versatile, ready-to-occupy commercial structure with included equipment.
Key Highlights
- Turn‑key former bar/restaurant with all fixtures, furniture, and equipment (FF&E) included.
- Prime corner lot location on Petersburg Road (KY‑20) with excellent visibility and strong traffic exposure.
- Flexible C‑2/SC (Small Community Overlay) zoning supports a variety of commercial uses.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.4k | $18.00 |
| − Vacancy | −$2.6k | −$0.76 |
| EGI | $59.8k | $17.24 |
| − OpEx | −$17.9k | −$5.17 |
| NOI | $41.9k | $12.07 |
3,468 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$598.0K
$523.3K – $697.7K
NOI $41,862 @ 7.0% cap · market cap 7.68%
Second Best
Specialty Retail
$589.5K
$515.8K – $687.7K
NOI $41,264 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$956.0K
$836.5K – $1.12M
NOI $66,919 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
FAQs
What type of property is this?
Bar & Pub - Single-tenant corner building with included FF&E and on-site parking for restaurant, retail, or service use.
Where is this bar & pub located?
The property is located at 1933 Petersburg Road Hebron, KY.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Turn‑key former bar/restaurant with all fixtures, furniture, and equipment (FF&E) included.; **Prime corner lot location on Petersburg Road (KY‑20) with excellent visibility and strong traffic exposure.**; Flexible C‑2/SC (Small Community Overlay) zoning supports a variety of commercial uses.
