Three-Bay Auto
For Sale
Contact for pricing
3223 S Dixie Hwy, Elizabethtown, KY 42701
Commercially zoned facility with drive-through service access, automotive equipment, and a secured outdoor work area.
Property Size2,560 SF
Lot Size1.00 Acre
Price / SF$253.91
Days on Market186
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Property Features for 3223 S Dixie Hwy
General Information
Standard status
Active
Size
2,560 SF
Lot size
1.00 Acre
Property subtype
Retail, Special Purpose
Zoning
Commercial
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Service Bays
3
Amenities
waiting area
customer bathroom
office/reception space
employee bathroom
Building Details
Year Built
2009
Year Renovated
2009
Buildings
1
Stories
1
Units
30
Abandoned
No
Listing Agency:
GOLD STAR REALTY
Listed By:
Mark Haynes · License #KY 199572
(270) 766-2613
Source:
Crexi
Added: Apr 13
Changed: Oct 13
Last Checked: Oct 14 at 11:18PM
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 GOLD STAR REALTY
Investment Insights
Based on property information with market context.
Built in 2009, this 2,560-square-foot auto shop is configured for ongoing automotive service operations. The layout includes a customer waiting area with bathroom, office and reception space, employee restroom, and a service area with three bays and four overhead doors. One bay connects the front and rear of the building, creating drive-through access to the fenced rear lot.
The property occupies 1 acre and has operated as an auto repair business since 2010. Existing equipment includes three automotive lifts, an air compressor with installed air lines, and built-in shelving. Commercial zoning, on-site parking capacity, and the combination of enclosed service space with secured outdoor area support continued automotive use and other commercial applications permitted by zoning.
The property occupies 1 acre and has operated as an auto repair business since 2010. Existing equipment includes three automotive lifts, an air compressor with installed air lines, and built-in shelving. Commercial zoning, on-site parking capacity, and the combination of enclosed service space with secured outdoor area support continued automotive use and other commercial applications permitted by zoning.
Key Highlights
- 2,560‑square‑foot building constructed in 2009
- Three service bays with four overhead doors
- Front‑to‑rear drive‑through access in one service bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,282
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,640
$565.6K
Cap Rate 7%
$404,029
$404.0K
Cap Rate 9%
$314,244
$314.2K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$42.1K $16.44/SF
− Vacancy
−$1.7K −$0.66/SF
EGI
$40.4K $15.78/SF
− OpEx
−$12.1K −$4.73/SF
NOI
$28.3K $11.05/SF
Area
Hardin County, KY
Vacancy
4.00%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,640
Cap Rate 7%
$404,029
Cap Rate 9%
$314,244
Alternative Uses
Best Use
Retail
$404.0K
$353.5K – $471.4K
NOI $28,282 @ 7.0% cap · market cap 4.35%
Second Best
Industrial
$184.7K
$161.6K – $215.5K
NOI $12,929 @ 7.0% cap · market cap 1.99%
Theoretical Best
Office A
$463.4K
$405.5K – $540.7K
NOI $32,440 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 42701, KY
52,731
Population
23,565
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
94%
High-School Grad
161.8 sq mi
ZIP Area
326
Density / Sq Mi
$68,715
Median Household Income
$44,251
Median Earnings
$902
Median Rent
$235,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Auto Innovationz Inc. — 505 Assembly Dr Ste 126, Elizabethtown, KY 42701
Frequently Asked Questions
What type of property is this?
Auto shop - Commercially zoned facility with drive-through service access, automotive equipment, and a secured outdoor work area.
Where is this auto shop located?
The property is located at 3223 S Dixie Hwy Elizabethtown, KY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,560‑square‑foot building constructed in 2009; Three service bays with four overhead doors; Front‑to‑rear drive‑through access in one service bay
