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Mixed-Use Building With Restaurant
For Sale
$899,000
Pending

202 W Main Street, Lebanon, KY 40033

COMMERCIAL - Lebanon, KY

Property Size16,500 SF
Lot Size0.24 Acres
Days on Market513

Property Features for 202 W Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Central Business District
Parking 55
Subdivision Downtown
Directions On the corner of main street and S Proctor Knott
Standard status Pending
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
Listing Agency: Coldwell Banker McMahan
Listed By: William Schlosser · License #276902
Added: Mar 18, 2025 Changed: Aug 4 Last Checked: Aug 12 at 8:06PM
MLS# 25005953

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 two-story mixed-use property combines a restaurant operation with seven apartments. The approximately 9,000-square-foot restaurant area includes a commercial kitchen, bar, server stations, projectors, sound equipment, and walk-in freezers and coolers. A banquet room with dedicated bathrooms supplements the dining and seating areas, while the residential component includes six second-floor apartments and one rear apartment.

The building occupies a 0.24-acre site on a Main Street corner in downtown Lebanon, with 225 feet of street frontage. Constructed with brick, the property has a rubber roof and public sewer service. Total building area is 16,500 square feet, providing a substantial combination of restaurant, event, and residential space within one mixed-use asset.

Key Highlights

  • 16,500‑square‑foot mixed‑use building on a 0.24‑acre site
  • Restaurant area measures 9,000 square feet
  • Seven apartments: six on the second floor and one in the rear

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Building Supply Kitchen & Bath Showroom Daycare Center Storage Facility Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

582
Businesses Nearby

Demographics for 40033, KY

12,726
Population
5,167
Households
2.5
Avg Household Size
40
Median Age
11%
College-Educated
87%
High-School Grad
140.4 sq mi
ZIP Area
91
Density / Sq Mi
$49,642
Median Household Income
$37,566
Median Earnings
$733
Median Rent
$160,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story property combines restaurant improvements with residential apartments and banquet facilities.
Where is this mixed-use property located?
The property is located at 202 W Main Street 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: 16,500‑square‑foot mixed‑use building on a 0.24‑acre site; Restaurant area measures 9,000 square feet; Seven apartments: six on the second floor and one in the rear
More about this property
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