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Mixed-Use Property with Apartment

51 Spur St Hwy 194, Freeburn, KY 41528

For Sale
$299,000

Commercial Sale, Freeburn, KY

Property Size8,805 SF
Lot Size2.08 Acres
Price / SF$33.96
Days on Market94

Property Features for 51 Spur St Hwy 194

General Information

Property type Commercial Sale
Property subtype Other
High school Phelps
Directions From us 23/119 intersection at Walmart travel north on 119 until you see the Kimper exit. Follow 194 until you reach the Freeburn area. Property is on the main road before crossing the river into WV. Signs posted.
Subdivision Pike
Standard status Active
Size 8,805 SF
Lot size 2.08 Acres
Listing Agency: AAA Real Estate Services
Listed By: Lisa Robinson · License KY #242159
Added: Aug 9 Changed: Oct 19 Last Checked: Nov 10 at 10:06AM
MLS# 129097

Copyright © 2026 Eastern Kentucky Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 8,805-square-foot mixed-use building occupies 2.08 acres and was previously operated as a grocery and convenience store. The property also includes an apartment on the upper level, creating a separate residential component that could be leased independently.

The building is located at 51 Spur St Hwy 194 in Freeburn, Kentucky, with direct positioning along St Hwy 194. Its existing scale and mixed-use configuration support continued commercial use while retaining the upstairs apartment as an additional component.

Key Highlights

  • 8,805‑square‑foot building on 2.08 acres
  • Previously used as a grocery and convenience store
  • Upstairs apartment could be leased separately

Property Analytics

Current Use

Grocery and convenience stores

Lease Details

1
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

29
Businesses Nearby

Demographics for 41528, KY

566
Population
139
Households
4.1
Avg Household Size
43
Median Age
7%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
103
Density / Sq Mi
$31,411
Median Earnings
$71,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Includes an upstairs apartment that could provide a separate leasing option.
Where is this mixed-use property located?
The property is located at 51 Spur St Hwy 194 Freeburn, KY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 8,805‑square‑foot building on 2.08 acres; Previously used as a grocery and convenience store; Upstairs apartment could be leased separately
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