Hebron Retail/Restaurant
1933 Petersburg Rd, Hebron, KY 41048
For Sale
Contact for pricing
Pending
Turn-key retail/restaurant building with flexible commercial uses.
Property Size3,468 SF
Lot Size0.25 Acres
Days on Market262
Property Features for 1933 Petersburg Rd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Investment Type
Building Details
Year Built
Tenancy
Listing Agency:
Epique Commercial
Listed By:
Julie Griffin Thompson · License KY #247746
Source:
Crexi
Added: Feb 26
Changed: Nov 2
Last Checked: Nov 12 at 6:06AM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,862
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,240
$837.2K
Cap Rate 7%
$598,029
$598.0K
Cap Rate 9%
$465,133
$465.1K
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$62.4K $18.00/SF
− Vacancy
−$2.6K −$0.76/SF
EGI
$59.8K $17.24/SF
− OpEx
−$17.9K −$5.17/SF
NOI
$41.9K $12.07/SF
Area
Boone County, KY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,240
Cap Rate 7%
$598,029
Cap Rate 9%
$465,133
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
159k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Groceries 33%
Shops & Services 32%
Electronics 1%
Kroger
Groceries
52,521 visits/mo
0.3 miles
McDonald's
Dining
35,023 visits/mo
0.1 miles
Kroger Fuel Center
Shops & Services
23,108 visits/mo
0.2 miles
Dollar General
Shops & Services
9,235 visits/mo
0.0 miles
Taco Bell
Dining
8,591 visits/mo
0.2 miles
Demographics for 41048, KY
16,523
Population
5,562
Households
3
Avg Household Size
35
Median Age
43%
College-Educated
95%
High-School Grad
33.5 sq mi
ZIP Area
493
Density / Sq Mi
$129,354
Median Household Income
$60,009
Median Earnings
$1,350
Median Rent
$306,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Starbucks — 3105 N Bend Rd, Hebron, KY 41048
- Hebron Little Pub — 1812 Petersburg Rd, Hebron, KY 41048
Frequently Asked Questions
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.).
