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    202 W Main St Lebanon, KY 40033

    Pending
    For Sale
    $899,000

    COMMERCIAL - Lebanon, KY

    Property size:
    16,500 SF
    Lot size:
    0.24 Acres
    Days on Market:
    95
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 202 W Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Parking
    55
    Size
    16,500 SF
    Lot size
    0.24 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Rubber

    Coldwell Banker McMahan 6255559

    Listing agent William Schlosser (859) 625-5559

    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 Building in Downtown Lebanon

    This two-story mixed-use building, previously used as a restaurant, is located in downtown Lebanon. The second story features six apartments overlooking downtown, with an additional apartment in the rear, suitable for short-term rentals, Airbnb, or long-term rentals. The restaurant space below encompasses 9,000 square feet and includes a fully functioning commercial kitchen, bar, server stations, projectors, a sound system, and walk-in freezers and coolers. There is ample seating for guests, along with a full-size banquet room with its own bathrooms. The property is situated on a 0.24-acre lot on the Main Street corner, offering 225 feet of street frontage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    Lebanon
    County
    Marion
    State
    Kentucky
    Longitude
    -85.254411
    Latitude
    37.568926

    Nearby Similar for Sale

    • $700,000
      11,500 SF

      Income-Producing Commercial Property in Lebanon

      Versatile property with restaurant space, flea market, and Airbnb.
      65 Old Springfield Rd, Lebanon, KY 40033
      View Details
    • $170,000
      1,440 SF

      Lebanon Commercial Property For Sale

      High-traffic commercial property with ample parking and great visibility.
      139 Cemetery Rd, Lebanon, KY 40033
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-story mixed-use building with restaurant and apartments in downtown Lebanon.
    Where is this mixed-use property located?
    The property is located at 202 W Main St Lebanon, KY.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Mixed-use building featuring a fully equipped 9000 sq ft restaurant space with a commercial kitchen, bar, and banquet room.; - Seven apartments on the second story, ideal for rentals.; - Prime downtown location on Main Street Corner with 225 feet of street frontage.
    (859) 625-5559
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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
    202 W Main St Lebanon, KY 40033
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