Restaurant Building with
409 North Main Street Nicholasville, KY 40356
409 North Main Street, Nicholasville, KY, 40356
Contact for pricing
For Sale
Contact for pricing
Well-maintained restaurant building on a 0.5-acre lot with 22 parking spaces and recent interior and plumbing updates.
Property Size3,069 SF
Price / SF$203.65
Days on Market101
Property Features for 409 North Main Street
General Information
- Standard status
- Active
- Size
- 3,069 SF
- Property subtype
- Retail, Hospitality
Listing agency
SVN | Stone Commercial Real Estate
(859) 806-1591
Listed by
Travis Rose · License #KY
Source
Crexi
Added: Apr 14 Updated: Jul 22 at 3:06PM Checked: Jul 22 at 3:06PM
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 block-and-steel restaurant building currently operating as a long-standing local restaurant. The property was recently 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 building is described as having no major capital repairs needed. Three-phase electric is available, supporting a range of commercial uses beyond the current restaurant operation.
The site is located along busy North Main Street with strong traffic counts and strong visibility. It includes 22 parking spaces. The property is positioned next to the future Jessamine County courthouse.
The offering includes the real estate only; restaurant equipment is not included and will be sold separately. Tours must be scheduled through Advisor Travis Rose due to ongoing operations.
The site is located along busy North Main Street with strong traffic counts and strong visibility. It includes 22 parking spaces. The property is positioned next to the future Jessamine County courthouse.
The offering includes the real estate only; restaurant equipment is not included and will be sold separately. Tours must be scheduled through Advisor Travis Rose due to ongoing operations.
Key Highlights
- 3,068 SF restaurant building on a 0.5‑acre lot at 409 N Main Street, Nicholasville, KY
- Recently renovated in October 2025 with new PEX plumbing, new sewer drain lines, and updated interior
- Roof and HVAC systems are approximately 10 years old; block‑and‑steel structure reported well maintained with no major capital repairs needed
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 | $50.5k | $16.44 |
| − Vacancy | −$2.8k | −$0.92 |
| EGI | $47.6k | $15.52 |
| − OpEx | −$11.9k | −$3.88 |
| NOI | $35.7k | $11.64 |
3,069 SF · lease $16.44/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$510.3K
$446.5K – $595.4K
NOI $35,722 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.8K
$680.6K – $907.5K
NOI $54,447 @ 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
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Well-maintained restaurant building on a 0.5-acre lot with 22 parking spaces and recent interior and plumbing updates.
Where is this conventional restaurant located?
The property is located at 409 North Main Street 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 restaurant building on a 0.5‑acre lot at 409 N Main Street, Nicholasville, KY; Recently renovated in October 2025 with new PEX plumbing, new sewer drain lines, and updated interior; Roof and HVAC systems are approximately 10 years old; block‑and‑steel structure reported well maintained with no major capital repairs needed
