Automotive-Ready Live-Work
311 Main Street N Middletown, KY 40357
New
311 Main Street, N Middletown, KY, 40357
$159,000
For Sale
$159,000
COMMERCIAL - N Middletown, KY
Property Size770 SF
Lot Size0.24 Acres
Price / SF$206.49
Days on Market2
Property Features for 311 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C
- Parking
- 15
- Standard status
- Active
- APN
- 0621017006
- Size
- 770 SF
- Lot size
- 0.24 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Zoned
- Cooling system
- Multi Units, Wall Unit(s)
Building Details
- Floors in Building
- 2
- Building materials
- Block
- Roof type
- Metal
Listing Agency
Keller Williams Commonwealth
(859) 721-2121
1908 Bryant Rd Suite 250, Lexington, KY
Listed by
Christa Joynt · License #223454
(859) 771-3968
Added: Jul 17 Checked: Jul 18 at 1:06 am
MLS# 26018927
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 property is a mixed-use live-work style building featuring a spacious garage with an automotive lift, along with an office and two restrooms on the main level. One restroom is finished with a vent but does not include heating and air. The upper level includes a one-bedroom, one-bath apartment with an open living and kitchen area. The apartment is move-in ready and includes kitchen appliances and a washer and dryer. Mini-split HVAC systems have been added to both the office and apartment spaces, and several windows have been replaced.
Located on Main Street in North Middletown, the property offers ample parking and visibility from the street. It was previously operated as an automotive business, and the layout supports a variety of commercial uses, subject to zoning approval.
Buyer should verify zoning, permitted uses, and all aspects of the property prior to closing.
Located on Main Street in North Middletown, the property offers ample parking and visibility from the street. It was previously operated as an automotive business, and the layout supports a variety of commercial uses, subject to zoning approval.
Buyer should verify zoning, permitted uses, and all aspects of the property prior to closing.
Key Highlights
- Block construction with metal roof and public sewer service
- Large main‑level garage with an automotive lift, office, and two restrooms (one finished with a vent but without heating and air)
- Upstairs 1‑bedroom, 1‑bath apartment with open living/kitchen area and included kitchen appliances
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
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Versatile Main Street property with a garage, office space, and an upstairs one-bedroom apartment.
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: Block construction with metal roof and public sewer service; Large main‑level garage with an automotive lift, office, and two restrooms (one finished with a vent but without heating and air); Upstairs 1‑bedroom, 1‑bath apartment with open living/kitchen area and included kitchen appliances
