Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2290 W Jefferson Davis Highway Elkton, KY 42220

    View on Map
    For Sale
    Under Contract
    $650,000

    Business Opportunity - Elkton, KY

    Lot size:
    2.76 Acres
    Added:
    Oct 31, 2025
    Days on Market:
    154
    Last Refresh:
    Apr 2 at 2:06 am

    Property Features for 2290 W Jefferson Davis Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Partial, Fence
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    056-23B
    Lot size
    2.76 Acres

    Utilities

    Heating system
    Ceiling, Central
    Cooling system
    Central Air

    Building Details

    Year built
    1989
    Flooring type
    Concrete, Laminate, Tile
    Building materials
    Brick, Brick Veneer, Frame
    Roof type
    Metal, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Miller

    Listing agent Lisa Miller License #271913

    Listing office Keller Williams First Choice R 1550 Westen St., Bowling Green, KY

    Listing date Oct 31, 2025

    MLS# RA20256323 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elkton Mixed-Use Commercial Property

    This mixed-use commercial property, located just off Highway 68/80 Bypass in Elkton, KY, includes a private residence. Situated on 2.76 acres, the property offers nearly 12,000 sq. ft. of space, suitable for a wide range of business opportunities and future development. The site features a two-bay storage shed, a spacious shop, and a warehouse, providing ample room for equipment, inventory, or expansion. A one-bedroom apartment is located on the property, suitable for on-site living, an office, or rental income. The property offers potential for commercial use or investment due to its high visibility, easy access, and versatile layout.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Todd
    State
    Kentucky
    Longitude
    -87.2164
    Latitude
    36.8280952

    Nearby Similar for Sale

    • $1,700,000
      5,625 SF

      Established Auto Parts Store

      Turnkey auto parts store with real estate, inventory, and fixtures.
      204 N Main St, ELKTON, KY 42220
      View Details
    • $599,900
      4,750 SF

      Elkton, KY Commercial Opportunity

      9500 sq ft building, 4750 sq ft finished space.
      70 Public Square, ELKTON, KY 42220
      View Details
    • $175,900
      2,800 SF

      Turnkey Commercial Property in Elkton

      Renovated commercial property suitable for restaurant, retail, or vendor mall.
      12349 ALLEGRE ROAD, ELKTON, KY 42220
      View Details
    • $649,900
      5,000 SF

      Commercial Property with Living Space

      Commercial property featuring offices, shop, and living space.
      77 Dr George Brown Rd, ELKTON, KY 42220
      View Details
    • $177,777

      One-Story Duplex in Elkton, KY

      Duplex with immediate income potential in Elkton, Kentucky.
      410 S Streets Ave, Elkton, KY 42220
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residence, ideal for business or investment.
    Where is this mixed-use property located?
    The property is located at 2290 W Jefferson Davis Highway Elkton, KY.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Excellent location just off Highway 68/80 Bypass with high visibility and easy access.; Large 2.76‑acre lot with nearly 12,000 sq. ft. of mixed‑use space.; Includes a spacious shop, two‑bay storage shed, and warehouse.
    (270) 782-1811
    We can help!
    Listing Contact
    Lisa Miller
    Real Estate License ID: 271913
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!