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    133 Dixie Ave Elizabethtown, KY 42701

    For Sale
    $849,000

    Restaurant, Airbnb, & Owner's Unit

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional investment opportunity in Elizabethtown, KY, presents a unique blend of income streams within a single property located at 133 W Dixie Avenue. The property encompasses a thriving, established restaurant boasting a loyal customer base, a skilled workforce, and a locally-inspired menu. This well-regarded eatery contributes significantly to the property's overall profitability. Complementing the restaurant is a successful one-bedroom Airbnb unit, capitalizing on the increasing demand for short-term rentals in the area and providing a consistent source of passive income. Furthermore, a private two-bedroom owner's unit offers comfortable living quarters, perfect for an owner-operator seeking convenient access to the business. Alternatively, this unit could generate additional income through short-term or long-term rentals. The building itself is rich in historical and architectural character, offering a distinctive ambiance that appeals to both residents and visitors. Situated in the heart of downtown Elizabethtown, the property benefits from a prime location within a rapidly growing area experiencing increased foot traffic and tourism. This 0.09-acre property in Hardin County, Kentucky, is priced at $849,000 and represents a rare chance to acquire a multi-faceted commercial property with significant income potential. A video tour is available for prospective buyers.

    Property Features for 133 Dixie Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Elizabethtown
    County
    Hardin
    State
    Kentucky
    Longitude
    -85.85909
    Latitude
    37.69394

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    FAQs

    What type of property is this?
    Commercial real estate - Restaurant, Airbnb, & Owner's Unit
    Where is this commercial real estate located?
    The property is located at 133 Dixie Ave Elizabethtown, KY.
    What is the asking price?
    The asking price for this property is $849,000.
    Request Owner's contact information
    133 Dixie Ave Elizabethtown, KY 42701
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    Elizabethtown, KY 42701
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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
    133 Dixie Ave Elizabethtown, KY 42701
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