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    320 Ridgeway Ave Falmouth, KY 41040

    For Sale
    $239,000

    High-traffic US 27 Corridor Retail Space

    Property size:
    2,560 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This 2,560 square foot commercial building, situated on a 0.34-acre lot at 320 Ridgeway Avenue in Falmouth, Kentucky, presents a remarkable opportunity for entrepreneurs. Originally established in the 1940s, this building boasts a rich history and has served various businesses successfully. Its strategic location on the US 27 corridor ensures high visibility and significant traffic counts, making it ideal for retail ventures. The property is conveniently located "up on the hill," outside the flood zone, offering peace of mind. The building features ample parking, large front windows perfect for marketing displays, and the potential for prominent signage. The interior offers considerable space, including basement access from both sides of the building. A double glass door, currently covered, is a feature on the left side. Move-in ready, this property is well-suited for a single retail business or multiple businesses operating concurrently. Its spacious layout and prime location make it an exceptional investment opportunity. The building has been well-maintained and is ready for immediate occupancy. The previous owner retired in 2024, presenting a unique chance to establish or relocate your business in this thriving area. The property's history demonstrates its enduring appeal and potential for continued success.

    Property Features for 320 Ridgeway Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,560 SF
    Lot Size
    14,810 SF
    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
    Falmouth
    County
    Pendleton
    State
    Kentucky
    Longitude
    -84.33392
    Latitude
    38.66903

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic US 27 Corridor Retail Space
    Where is this commercial real estate located?
    The property is located at 320 Ridgeway Ave Falmouth, KY.
    What is the asking price?
    The asking price for this property is $239,000.
    (502) 570-5800
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    320 Ridgeway Ave Falmouth, KY 41040
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    Falmouth, KY 41040
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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
    320 Ridgeway Ave Falmouth, KY 41040
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