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Two-Level Mixed-Use Building
For Sale
$425,000

40 School St, Mount Vernon, KY 40456

Upper-floor residential rooms sit above a ground level with sink-equipped rooms and former kennel areas.

Property Size4,136 SF
Price / SF$102.76
Days on Market8

Property Features for 40 School St

General Information

Standard status Active
Size 4,136 SF

Additional Details

Highway Access Yes

Amenities

ramp
front porch
back deck
security cameras

Building Details

Buildings 1
Stories 2
Listing Agency: WEICHERT REALTORS - Ford Brothers
Listed By: Tammy M Miller · License #273347
Source: Exprealty
Added: Sep 25 Changed: Oct 1 Last Checked: Oct 1 at 2:22PM

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 WEICHERT REALTORS - Ford Brothers

Investment Insights

Based on property information with market context.

At 40 School St in Mount Vernon, this approximately 4,136-square-foot building has 19 rooms arranged over two levels. The upper floor contains three bedrooms, a fourth flexible room, a living area, kitchen, full bathroom, and utility room with washer and dryer hookups. On the ground floor, six rooms have sinks, while two larger rooms previously used as kennels include a utility sink and laundry hookups. A ramp, front porch, and rear deck are also part of the property.

Mechanical features include two HVAC units and a mini-split serving the largest kennel addition. The upstairs HVAC unit has an air cleaner, security cameras are included, and the roof is approximately three years old. The site is less than 1.5 miles from I-75 and near a hospital, schools, restaurants, and other Mount Vernon services.

Key Highlights

  • Approximately 4,136 square feet with 19 rooms across two levels
  • Upper floor includes three bedrooms, a fourth flexible room, kitchen, full bath, and laundry hookups
  • Six ground‑floor rooms have sinks; two larger former kennel rooms include a utility sink and laundry hookups

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Cafe & Coffee Shop Florist Tanning Salon

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

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

360
Businesses Nearby

Demographics for 40456, KY

8,949
Population
4,111
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
82%
High-School Grad
162.8 sq mi
ZIP Area
55
Density / Sq Mi
$46,879
Median Household Income
$40,494
Median Earnings
$678
Median Rent
$140,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - Upper-floor residential rooms sit above a ground level with sink-equipped rooms and former kennel areas.
Where is this mixed-use property located?
The property is located at 40 School St Mount Vernon, KY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 4,136 square feet with 19 rooms across two levels; Upper floor includes three bedrooms, a fourth flexible room, kitchen, full bath, and laundry hookups; Six ground‑floor rooms have sinks; two larger former kennel rooms include a utility sink and laundry hookups
More about this property
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