Renovated Restaurant Building with
409 N Main St Nicholasville, KY 40356
409 N Main St, Nicholasville, KY, 40356
$625,000
For Sale
$625,000
Operating restaurant on a 0.5-acre site with 22 parking spaces and three-phase electric along North Main Street.
Property Size3,068 SF
Lot Size0.50 Acres
Price / SF$203.72
Days on Market98
Property Features for 409 N Main St
General Information
- Standard status
- Active
- Size
- 3,068 SF
- Lot size
- 0.50 Acres
- Property subtype
- Retail - Street Retail
Listing agency
SVN | Stone Commercial Real Estate
Listed by
Travis Rose, MBA
Source
Commercialcafe
Added: Apr 15 Updated: Jul 21 at 12:24AM Checked: Jul 21 at 4:01AM
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 SVN | Stone Commercial Real Estate
Investment Insights
Based on property information with market context.
A well-maintained restaurant property featuring 3,068 square feet in a block-and-steel structure. The building was renovated in October 2025 with new PEX plumbing, new sewer drain lines, and updated interior finishes. The roof and HVAC systems are approximately 10 years old, and the site includes three-phase electric service.
The property is located along busy North Main Street with strong traffic counts and excellent visibility. The site offers 22 parking spaces and is positioned next to the future Jessamine County courthouse.
The building is currently operating as a restaurant; tours must be scheduled through Advisor Travis Rose. Restaurant equipment is not included with the real estate and will be sold separately.
The property is located along busy North Main Street with strong traffic counts and excellent visibility. The site offers 22 parking spaces and is positioned next to the future Jessamine County courthouse.
The building is currently operating as a restaurant; tours must be scheduled through Advisor Travis Rose. Restaurant equipment is not included with the real estate and will be sold separately.
Key Highlights
- 3,068 SF commercial building on a 0.5‑acre lot at 409 N Main Street in Nicholasville, KY
- Operating restaurant with updates completed in October 2025, including new PEX plumbing, new sewer drain lines, and updated interior
- Block and steel construction; roof and HVAC systems are approximately 10 years old
Local Financial Insights For Specialty Retail
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 | $50.4k | $16.44 |
| − Vacancy | −$2.8k | −$0.92 |
| EGI | $47.6k | $15.52 |
| − OpEx | −$11.9k | −$3.88 |
| NOI | $35.7k | $11.64 |
3,068 SF · lease $16.44/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$510.1K
$446.4K – $595.2K
NOI $35,710 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.6K
$680.4K – $907.2K
NOI $54,429 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Cottage Cafe
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Operating restaurant on a 0.5-acre site with 22 parking spaces and three-phase electric along North Main Street.
Where is this conventional restaurant located?
The property is located at 409 N Main St Nicholasville, KY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,068 SF commercial building on a 0.5‑acre lot at 409 N Main Street in Nicholasville, KY; Operating restaurant with updates completed in October 2025, including new PEX plumbing, new sewer drain lines, and updated interior; Block and steel construction; roof and HVAC systems are approximately 10 years old
