Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2779 Highway 1464 Greensburg, KY 42718

    View on Map
    Claim this Listing
    For Sale
    $399,900

    Commercial - Greensburg, KY

    Lot size:
    4.40 Acres
    Added:
    Aug 13, 2025
    Days on Market:
    260
    Last Refresh:
    Apr 29 at 3:06 pm

    Property Features for 2779 Highway 1464

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Interior features
    Finished, Office Space
    Exterior features
    Partial, Fence
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    4.40 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Multi Units, Wall Unit(s)

    Building Details

    Year built
    2018
    Flooring type
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Bridget Childress

    Listing agent Bridget Childress

    Listing office RENEE DOBSON REALTY GROUP, LLC 110 E Main Street, Campbellsville, KY

    Listing date Aug 13, 2025

    MLS# HK25003408 Listing URL

    Copyright © 2026 Heart of Kentucky Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant & Catfish Paylake

    This 4.4-acre commercial property, formerly known as Grab A Hook, presents a versatile opportunity. Previously a restaurant and catfish paylake, the property includes a fully equipped restaurant space with all equipment and furnishings. A large, fully stocked lake contains catfish of various sizes, suitable for paylake fishing, private use, or events. Family-friendly features include five covered canopies for shaded fishing and a park-grade swing set. A full-length covered front porch overlooks the lake. An on-site storage shed provides space for tools, gear, or inventory. The property offers potential for reviving the restaurant and paylake, starting a new venture, or converting the space into a custom barndominium. Located in Greensburg, Kentucky, this property offers commercial potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greensburg
    County
    Green
    State
    Kentucky
    Longitude
    -85.585715
    Latitude
    37.217443

    Nearby Similar for Sale

    • $310,000

      Commercial Building on Main Street

      Spacious commercial building with loading dock on high-traffic Main Street.
      201 S Main Street, Greensburg, KY 42743
      View Details
    • $295,000
      2,608 SF

      Historic Greensburg Farm on 7.27 Acres

      Historic 4-bedroom farm on 7.27 acres in Greensburg, KY.
      66 Carl Wade Rd, Greensburg, KY 42743
      View Details
    • $395,000
      2,872 SF

      Historical Greensburg Farm with Acreage

      Historical 2-story home on 6.27 unrestricted acres in Greensburg.
      113 Graham Court, Greensburg, KY 47243
      View Details
    • $675,000

      Greensburg Farm/Estate with River Frontage

      Income-producing farm with hunting and recreational potential near Green River.
      3630 W Buckner Hill Rd, Greensburg, KY 42743
      View Details
    • $459,000

      54 Acres with Creek Frontage

      Scenic farm with creek frontage, ideal for agriculture or recreation.
      0 Marshall Ridge Road, Greensburg, KY 42743
      View Details
    • $25,000

      Greensburg Corner Lot Opportunity

      Corner lot near hospital and bike trails in Greensburg, KY.
      210 E Hodgenville Road, Greensburg, KY 42743
      View Details
    • $115,000

      Three Acre Greensburg Land Parcel

      Three acre lot with scattered trees in Greensburg, Kentucky.
      71 Pikeview Road, Greensburg, KY 42743
      View Details
    • $55,000

      Greensburg, KY Vacant Land

      5.9 acres of land formerly used as a sawmill.
      4982 Columbia HWY, Greensburg, KY 42743
      View Details
    • $189,500

      Greensburg Land Near Green River

      18.1 acres near Green River with cabin and development potential.
      2619 Blowing Springs Road, Greensburg, KY 42743
      View Details
    • $99,500

      20 Acres in Greensburg, KY

      20 acres with utilities, ponds, and hunting potential.
      2358 Fry Ridge Road, Greensburg, KY 42743
      View Details
    • $154,900
      1,360 SF

      Farmhouse on 8.5 Acres

      8.5-acre farm with farmhouse, ready for renovation or rebuild.
      5348 Hwy 218, Greensburg, KY 42743
      View Details
    • $295,000

      Versatile 41-Acre Greensburg Tract

      41 acres near Summersville, suitable for agriculture, residential, recreation.
      920 Summersville Road, Greensburg, KY 42743
      View Details

    FAQs

    What type of property is this?
    Restaurant - 4.4-acre commercial property with restaurant and stocked catfish lake.
    Where is this restaurant located?
    The property is located at 2779 Highway 1464 Greensburg, KY.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Fully Equipped Restaurant Space: Includes all equipment and furnishings.; Stocked Catfish Lake: Large lake ideal for fishing.; 4.4 Acre Commercial Property: Versatile property with commercial potential.
    (270) 405-6453
    We can help!
    Listing Contact
    Bridget Childress
    Real Estate License ID: 276262
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!