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Medical Office with Upstairs Living Space
For Sale
$425,000

40 School Street, Mount Vernon, KY 40456

Commercial Sale, Mt Vernon, KY

Property Size4,136 SF
Lot Size0.62 Acres
Price / SF$102.76
Days on Market8

Property Features for 40 School Street

General Information

Property type Commercial Sale
Property subtype Office
Parking 8
Basement Crawl Space
Directions From McDonalds in Mt Vernon, turn right onto Richmond St and drive for .7 miles. Turn right onto School St and the clinic is the blue building on the right.
Subdivision 022 - Rockcastle County
Standard status Active
APN 046NW0200871
Size 4,136 SF
Lot size 0.62 Acres

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Heat Pump

Building Details

Floors in Building 2
Building materials Vinyl Siding
Roof type Composition
Listing Agency: WEICHERT REALTORS - Ford Brothers
Listed By: Tammy M Miller · License #273347
Added: Sep 25 Changed: Sep 29 Last Checked: Oct 2 at 2:06PM
MLS# 26026803

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 4,136-square-foot medical office building spans two levels and contains 19 rooms. The upper floor has three bedrooms, a fourth flexible room, a living area, kitchen, full bathroom, and utility room with washer and dryer hookups. On the lower level, six rooms have sinks, while two larger rooms include a utility sink and washer and dryer connections. A ramp, front porch, and rear deck serve the building, which has two HVAC units and a mini-split in the largest addition. The roof is approximately three years old, and security cameras are included.

The 0.62-acre property is less than 1.5 miles from I-75 and near a hospital, schools, restaurants, and other services in Mt. Vernon. It is served by public sewer and has vinyl siding, forced-air heating, heat-pump cooling, and a composition roof.

Key Highlights

  • 4,136 square feet across two levels, with 19 rooms
  • 0.62‑acre site less than 1.5 miles from I‑75
  • Six lower‑level rooms have sinks; two larger rooms have utility sinks 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

355
Businesses Nearby
Well-served
Demand for This Use

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
View Realmo Analytics

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
Rey
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Similar Off Market Nearby

  • Mt. Vernon Animal Clinic — 225 Richmond St, Mt Vernon, KY 40456
  • James Chism DVM — 145 Hill St, Mt Vernon, KY 40456
  • Rockcastle Veterinary Clinic — 40 School St, Mt Vernon, KY 40456

Frequently Asked Questions

What type of property is this?
Medical Office Space - A two-level layout pairs treatment-ready rooms with residential-style accommodations and separate living areas.
Where is this medical office space located?
The property is located at 40 School Street 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: 4,136 square feet across two levels, with 19 rooms; 0.62‑acre site less than 1.5 miles from I‑75; Six lower‑level rooms have sinks; two larger rooms have utility sinks and laundry hookups
More about this property
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