Listing Agency: Rector Hayden Realtors g***@rhr.com Show Phone

Listed By: Grenville Caruso · License #261370 Show Phone

Source: Exprealty

Added: Apr 2 Changed: Aug 22 Last Checked: Aug 23 at 5:06AM

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Investment Insights

Based on property information with market context.

This historic commercial building offers approximately 5,792 square feet on a 0.292-acre lot. The layout supports multiple operating concepts, with space currently described as split-up office areas alongside room for restaurant, retail, or storage use. The property also includes a vacant lot at the rear, which could be used for additional parking or potential building expansion, depending on how an operator plans to utilize the site.

The building is positioned in an excellent downtown location. The combination of street-level commercial space and an additional rear lot can be useful for tenants and owners looking for flexible front-and-back site planning within a compact footprint.

For buyers, this property is well-suited to an owner-operator seeking a single building that can accommodate a restaurant, retail storefront, office setup, or storage use, based on the existing split-up configuration. The presence of the rear vacant lot adds a practical option for improving onsite functionality, whether for parking to support day-to-day operations or for future expansion. The listing is noted as priced below a recent appraisal.

Key Highlights

• Historic downtown building with 5,792 (+/-) SF and flexible space for dining, retail, office, or storage
• 0.292 (+/-) acre lot with multiple use possibilities, including restaurant, retail, split‑up office space, or storage
• Rear vacant lot could support additional parking or future building expansion

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Veterinary Clinic Hair Salon Real Estate Agency Nail Salon Grocery & Convenience Store

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

63

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 40348, KY

582

Population

355

Households

1.6

Avg Household Size

46

Median Age

20%

College-Educated

75%

High-School Grad

0.6 sq mi

ZIP Area

970

Density / Sq Mi

$43,571

Median Household Income

$36,944

Median Earnings

$653

Median Rent

$127,400

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Storefront property - A historic downtown building with flexible space for dining, retail, office, or storage, plus a rear vacant lot.

Where is this storefront property located?

The property is located at 115 E 5th St Millersburg, KY.

What is the asking price?

The asking price for this property is $339,000.

What are key features of this property?

This property features: Historic downtown building with 5,792 (+/-) SF and flexible space for dining, retail, office, or storage; 0.292 (+/-) acre lot with multiple use possibilities, including restaurant, retail, split‑up office space, or storage; Rear vacant lot could support additional parking or future building expansion