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    346 Dowell Rd Russell Springs, KY 42642

    Pending
    For Sale
    $239,000

    COMMERCIAL - Russell Springs, KY

    Property size:
    1,500 SF
    Lot size:
    0.40 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 346 Dowell Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    044-00-00-060.02
    Size
    1,500 SF
    Lot size
    0.40 Acres

    Building Details

    Building materials
    Brick, Vinyl Siding

    Coldwell Banker Foster Real Estate, Inc (606) 678-4663

    Listing agent Ashly V Smith (606) 678-4663

    Listing date Nov 18, 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 Property in Russell Springs

    This mixed-use property in Russell Springs, KY, presents an investment opportunity with a commercial unit in the front and three apartments in the back, all of which are currently rented and income-producing. The property is located behind Arby's. Apartment #1 is a one-bedroom, one-bath unit. Apartments #2 and #3 each feature two bedrooms and one bath. All units, including the commercial space, have been renovated. The commercial building is equipped with a newer HVAC unit. The commercial space is believed to be between 1500 and 1700 square feet and includes one bathroom; this is to be verified by the buyer. Each apartment and the commercial unit have separate HVAC units. The total rental income is $2,700.00 per month, with potential for increases. The lot size is 0.4 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Outsiders Ink Tattoo ... Tattoo And Piercing Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Russell Springs
    County
    Russell
    State
    Kentucky
    Longitude
    -85.066847
    Latitude
    37.060411

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial unit with three apartments, all currently rented.
    Where is this mixed-use property located?
    The property is located at 346 Dowell Rd Russell Springs, KY.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: - Income-producing property with a mix of commercial and residential units.; - Fully rented units generating $2,700.00 in monthly income.; - Prime location in Russell Springs, KY, behind Arby's.
    (606) 678-4663
    Request Owner's contact information
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    Russell Springs, KY 42642
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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
    346 Dowell Rd Russell Springs, KY 42642
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