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Updated Mixed-Use Building in Pineville
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106 Kentucky Ave, Pineville, KY 40977

Two-story mixed-use building with commercial and residential units.

Property SizeContact for details
Days on Market186

Property Features for 106 Kentucky Ave

General Information

Standard status Active
Property subtype Mixed Use, Multifamily, Retail

Building Details

Stories 2
Tenancy Multi
Listing Agency: RE/MAX Professionals
Listed By: Mike Hensley · License #0225270011
Source: Crexi
Added: Feb 7 Changed: Aug 8 Last Checked: Aug 11 at 7:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Professionals

Investment Insights

Based on property information with market context.

Located on the courthouse square in downtown Pineville, this updated two-story mixed-use building offers stable income and prime visibility. The ground floor features two established commercial tenants: a tanning salon and a beauty spa, both benefiting from strong foot traffic and a central downtown location. The second floor consists of four residential apartments, including three 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. All residential and commercial units are currently leased, providing immediate cash flow. The property is well-suited for investors seeking a fully occupied mixed-use building with diversified income in a highly desirable downtown setting.

Key Highlights

  • 100% Occupied: Provides immediate and stable cash flow.
  • Prime Courthouse Square Location: Offers high visibility and strong foot traffic.
  • Diversified Income Streams: Features a mix of commercial and residential tenants.

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Building Supply Parking Lot & Garage Auto Parts Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Bakery

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

Location Intelligence

Trade Area within ½ mile

332
Businesses Nearby

Demographics for 40977, KY

8,196
Population
3,770
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
80%
High-School Grad
133.7 sq mi
ZIP Area
61
Density / Sq Mi
$35,822
Median Household Income
$33,322
Median Earnings
$500
Median Rent
$83,700
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story mixed-use building with commercial and residential units.
Where is this mixed-use property located?
The property is located at 106 Kentucky Ave Pineville, 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: 100% Occupied: Provides immediate and stable cash flow.; Prime Courthouse Square Location: Offers high visibility and strong foot traffic.; Diversified Income Streams: Features a mix of commercial and residential tenants.
More about this property
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