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Downtown Office with Billboard Income
For Sale
$209,900

214 S Washington Street, Albany, KY 42602

Renovated office with eight rooms, HVAC installed about five years ago, and four billboard rental signs generating monthly income.

Property Size1,875 SF
Days on Market35

Property Features for 214 S Washington Street

General Information

Standard status Active
Size 1,875 SF
Total Parking Spaces 4
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $900

Building Details

Building Size 1,875 SF
Year Built 1960
Stories 2
Units 2
Listing Agency: The Realty Firm - Byrdstown
Listed By: Barbara McWhorter · License #307788
Source: Firstrealty
Added: Jul 20 Changed: Aug 23 Last Checked: Aug 22 at 1:25PM

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 The Realty Firm - Byrdstown

Investment Insights

Based on property information with market context.

This downtown office property was renovated approximately six years ago and is currently leased to a massage therapist and a chiropractor. The main level includes eight rooms and a full bathroom with shower. Updates include vinyl plank flooring, HVAC that is about five years old, and a newer water heater. No furniture is included.

The property also includes four billboard rental signs that produce monthly income, along with approximately four parking spaces. A second floor of about 1,875 square feet is unfinished.

Viewing is available by appointment and scheduled after office hours, with the listing agent coordinating showings.

Key Highlights

  • Downtown Albany, KY office currently leased to a massage therapist and chiropractor
  • Renovated approximately 6 years ago with new vinyl plank flooring and new water heater
  • 8 rooms plus a full bathroom with shower; HVAC installed about 5 years ago

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Real Estate Agency Bakery Grocery & Convenience Store Furniture & Home Goods

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

Location Intelligence

Trade Area within ½ mile

286
Businesses Nearby

Demographics for 42602, KY

9,084
Population
4,994
Households
1.8
Avg Household Size
43
Median Age
16%
College-Educated
79%
High-School Grad
189.0 sq mi
ZIP Area
48
Density / Sq Mi
$41,797
Median Household Income
$28,712
Median Earnings
$630
Median Rent
$113,200
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Renovated office with eight rooms, HVAC installed about five years ago, and four billboard rental signs generating monthly income.
Where is this office building located?
The property is located at 214 S Washington Street Albany, KY.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Downtown Albany, KY office currently leased to a massage therapist and chiropractor; Renovated approximately 6 years ago with new vinyl plank flooring and new water heater; 8 rooms plus a full bathroom with shower; HVAC installed about 5 years ago
More about this property
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