Automotive Garage with
311 Main Street N Middletown, KY 40357
New
311 Main Street, N Middletown, KY, 40357
$159,000
For Sale
$159,000
Garage with automotive lift plus office and a move-in-ready one-bedroom, one-bath apartment above with mini-split HVAC.
Property Size770 SF
Price / SF$206.49
Days on Market6
Property Features for 311 Main Street
General Information
- Standard status
- Active
- Size
- 770 SF
Listing agency
Keller Williams Commonwealth
(859) 771-3968
Listed by
Christa Joynt · License #223454
(859) 771-3968
Source
Exprealty
Added: Jul 17 Updated: Jul 22 at 10:30AM Checked: Jul 22 at 10:30AM
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 Keller Williams Commonwealth
Investment Insights
Based on property information with market context.
This versatile property at 311 Main Street was previously operated as an automotive business and offers a spacious garage with an automotive lift, along with office space and two restrooms on the main level. One restroom is finished with a vent but does not include heating and air. Upstairs, there is a comfortable one-bedroom, one-bath apartment with an open living and kitchen area. The apartment includes kitchen appliances as well as a washer and dryer.
Mini-split HVAC systems have been added to both the office and apartment spaces. Several windows have also been replaced, contributing to the overall updates throughout the property. The home is set up for practical live-work or business use, with ample parking and main-street visibility.
Zoning and permitted uses are subject to buyer verification, and the opportunity may be suited to a range of commercial ventures depending on approval.
Mini-split HVAC systems have been added to both the office and apartment spaces. Several windows have also been replaced, contributing to the overall updates throughout the property. The home is set up for practical live-work or business use, with ample parking and main-street visibility.
Zoning and permitted uses are subject to buyer verification, and the opportunity may be suited to a range of commercial ventures depending on approval.
Key Highlights
- Spacious garage with an automotive lift, plus office and two restrooms on the main level
- One‑bedroom, one‑bath apartment upstairs with open living and kitchen area
- Mini‑split HVAC systems added to both the office and apartment for year‑round comfort
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.6k | $21.60 |
| − Vacancy | −$2.2k | −$2.85 |
| EGI | $14.4k | $18.75 |
| − OpEx | −$3.6k | −$4.69 |
| NOI | $10.8k | $14.06 |
770 SF · lease $21.60/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$154.7K
$135.3K – $180.5K
NOI $10,827 @ 7.0% cap · market cap 6.81%
Second Best
Mixed Use
$106.3K
$93.0K – $124.0K
NOI $7,438 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$195.1K
$170.8K – $227.7K
NOI $13,660 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Garage with automotive lift plus office and a move-in-ready one-bedroom, one-bath apartment above with mini-split HVAC.
Where is this live-work space located?
The property is located at 311 Main Street N Middletown, KY.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Spacious garage with an automotive lift, plus office and two restrooms on the main level; One‑bedroom, one‑bath apartment upstairs with open living and kitchen area; Mini‑split HVAC systems added to both the office and apartment for year‑round comfort
