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Two-Story Mixed-Use Building

202 W Main Street, Lebanon, KY 40033

For Sale
$899,000
Pending

Commercial Sale, Lebanon, KY

Property Size16,500 SF
Lot Size0.24 Acres
Days on Market605

Property Features for 202 W Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Central Business District
Parking 55
Subdivision Downtown
Directions On the corner of main street and S Proctor Knott
Standard status Pending
Size 16,500 SF
Lot size 0.24 Acres

Utilities

Sewer type Public Sewer

Amenities

6 apartments overlooking downtown
1 apartment in the rear

Building Details

Floors in Building 2
Building materials Brick
Roof type Rubber
Listing Agency: Coldwell Banker McMahan
Listed By: William Schlosser · License KY #276902
Added: Mar 18, 2025 Changed: Oct 8 Last Checked: Nov 12 at 7:06AM
MLS# 25005953

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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 16,500-square-foot, two-story mixed-use property combines a restaurant-oriented commercial level with residential units above. The approximately 9,000-square-foot lower level includes a commercial kitchen, bar, server stations, projectors, sound equipment, walk-in freezers and coolers, guest seating, and a banquet room with dedicated bathrooms. The building is constructed with brick and has a rubber roof.

The upper level contains six apartments, with an additional apartment positioned at the rear. The property occupies 0.24 acres at a Main Street corner in downtown Lebanon and provides 225 feet of street frontage. Public sewer serves the site.

Key Highlights

  • 16,500‑square‑foot, two‑story mixed‑use building
  • Approximately 9,000‑square‑foot restaurant level
  • Six upper‑level apartments plus one rear apartment

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Building Supply Bakery Storage Facility Garden Center

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

Lease Details

7
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

582
Businesses Nearby

Demographics for 40033, KY

12,726
Population
5,167
Households
2.5
Avg Household Size
40
Median Age
11%
College-Educated
87%
High-School Grad
140.4 sq mi
ZIP Area
91
Density / Sq Mi
$49,642
Median Household Income
$37,566
Median Earnings
$733
Median Rent
$160,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Brick construction combines restaurant infrastructure with seven upstairs apartments.
Where is this mixed-use property located?
The property is located at 202 W Main Street Lebanon, KY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 16,500‑square‑foot, two‑story mixed‑use building; Approximately 9,000‑square‑foot restaurant level; Six upper‑level apartments plus one rear apartment
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