Waynesburg Commercial Value-Add
1659 KY-501, Waynesburg, KY 40489
COMMERCIAL - Waynesburg, KY
Property size:
2,250 SFLot size:
0.31 AcresPrice / SF:
$44/SF- Added:
- Jan 5, 2026
- Days on Market:
- 130
- Last Refresh:
- May 15 at 2:06 am
Property Features for 1659 KY-501
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Basement
- Full, Unfinished, Walk-Out Access, Walk-Up Access
- Standard status
- Active
- APN
- 42.00
- Size
- 2,250 SF
- Lot size
- 0.31 Acres
Utilities
- Sewer type
- Septic Tank
- Heating system
- Ductless (Heating)
- Cooling system
- Ductless
Building Details
- Building materials
- Vinyl Siding
- Roof type
- Metal
Listing agent Curtis Brown License #268545 (606) 669-4638
Listing office Keller Williams Commonwealth - Stanford 3402 US Highway 27 S, Somerset, KY (606) 669-6200
Listing date Jan 5, 2026
MLS# 26000267
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High ARV Potential: Recent appraisal indicates an After Repair Value (ARV) exceeding $215,000.
- Value‑Add Opportunity: Reposition this former church with substantial square footage.
- Flexible Layout: The 2,250 sq ft main level is partially converted into a 4‑bedroom, 1.5‑bath layout.
- Basement Expansion Potential: The 1,250 sq ft unfinished basement offers excellent potential to add bedrooms.
- Separate Electric Meter: Includes a separate electric meter for the upper level.
- HVAC Infrastructure in Place: Ductwork is already run for HVAC.
Overview
This property in Waynesburg, Kentucky, presents a value-add opportunity for investors. The property, formerly a church, offers multiple exit strategies and could be converted back to a church if desired. The main level spans 2,250 square feet and has been largely converted into a 4-bedroom, 1.5-bath layout, featuring a bonus room, office, and family room, all on one level. Laundry facilities are conveniently located on the main floor and could function as a shared common area for future multi-tenant use. A separate electric meter serves the upper level. The property includes a 1,250 square foot unfinished basement, offering the potential to add bedrooms, expand living space, or convert the property into a duplex or multi-unit investment. The basement is a blank canvas for maximizing value and rental income. Renovations on the main floor have been started but not completed, allowing customization of layouts and finishes. HVAC infrastructure is in place with ductwork already run; the fuel oil system will need repair or replacement, but the setup appears ready for straightforward installation of new indoor and outdoor units. The property sits on a 0.31-acre lot. The property is sold as-is.
Location Intelligence
Current Use by Public Records
Single family properties
Map
- City
- Waynesburg
- County
- Lincoln
- State
- Kentucky
- Longitude
- -84.624
- Latitude
- 37.3663
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Former church with conversion potential in Waynesburg, Kentucky.
Where is this single family property located?
The property is located at 1659 KY-501 Waynesburg, KY.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: High ARV Potential: Recent appraisal indicates an After Repair Value (ARV) exceeding $215,000.; Value‑Add Opportunity: Reposition this former church with substantial square footage.; Flexible Layout: The 2,250 sq ft main level is partially converted into a 4‑bedroom, 1.5‑bath layout.
