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Two-Story Mixed-Use Building
For Sale
$899,000
Pending

202 W Main Street, Lebanon, KY 40033

Commercial Sale, Lebanon, KY

Property Size16,500 SF
Lot Size0.24 Acres
Days on Market558

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 #276902
Added: Mar 18, 2025 Changed: Sep 12 Last Checked: Sep 26 at 3:06PM
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.

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

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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
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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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
More about this property
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