Hebron Retail/Restaurant
1933 Petersburg Rd, Hebron, KY 41048
Turn-key retail/restaurant building with flexible commercial uses.
Type:Retail
Property size:
3,468 SFLot size:
0.25 AcresPrice / SF:
$157/SF- Added:
- Feb 26, 2026
- Days on Market:
- 121
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 1933 Petersburg Rd
General Information
- Standard status
- Active
- Size
- 3,468 SF
- Lot size
- 0.25 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1940
Listing office Epique Commercial
Listing date Feb 26, 2026
Source Crexi
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 Epique Commercial
HighLights
- Turn‑key former bar/restaurant with all fixtures, furniture & equipment (FF&E) included.
- Prime corner lot location on Petersburg Road (KY‑20) with excellent visibility and strong traffic exposure.
- Flexible C‑2/Small Community Overlay zoning allows for a variety of commercial uses (restaurant/bar, retail, office, etc.).
- Building size approximately 3,493 - 3,648 SF on a ±0.25 acre lot.
- Convenient on‑site parking available.
- Strong investment appeal due to versatile use cases and income‑producing potential.
Overview
Located in Hebron, this commercial property offers a retail or restaurant opportunity with visibility and traffic exposure on Petersburg Road. The single-tenant, 1-story building provides approximately 3,493 to 3,648 square feet of space. Originally designed and operated as a bar and restaurant, it includes fixtures, furniture, and equipment. The property is situated on a 0.25-acre lot with frontage and on-site parking. Zoned C-2/SC (Small Community Overlay), the site supports various commercial uses, including restaurant, bar, retail sales, service business, office, or adaptive reuse, subject to local zoning approval. Built in 1940, the property is located in a well-traveled corridor linking local neighborhoods and nearby commercial nodes. It is suitable for owner-occupiers or investors seeking a versatile income-producing property in Boone County. The property is ideal for a restaurant or bar owner-user, neighborhood retail or specialty shop, professional office or service provider, investor seeking income property, or adaptive reuse for mixed commercial functions.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.4k | $18.00 |
| − Vacancy | −$2.6k | −$0.76 |
| EGI | $59.8k | $17.24 |
| − OpEx | −$17.9k | −$5.17 |
| NOI | $41.9k | $12.07 |
3,468 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$598.0K
$523.3K – $697.7K
NOI $41,862 @ 7.0% cap · market cap 7.68%
Second Best
Specialty Retail
$589.5K
$515.8K – $687.7K
NOI $41,264 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$956.0K
$836.5K – $1.12M
NOI $66,919 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Location Insight
- Map
- Local Demand
- City
- Hebron
- County
- Boone
- State
- Kentucky
- Longitude
- -84.701785
- Latitude
- 39.065697
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - Turn-key retail/restaurant building with flexible commercial uses.
Where is this bar & pub located?
The property is located at 1933 Petersburg Rd Hebron, KY.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Turn‑key former bar/restaurant with all fixtures, furniture & equipment (FF&E) included.; Prime corner lot location on Petersburg Road (KY‑20) with excellent visibility and strong traffic exposure.; Flexible C‑2/Small Community Overlay zoning allows for a variety of commercial uses (restaurant/bar, retail, office, etc.).
