Two-Building Commercial Property with
For Sale
$299,000
Pending
540 N Main Street, Monticello, KY 42633
COMMERCIAL - Monticello, KY
Property Size2,734 SF
Lot Size0.80 Acres
Days on Market93
Property Features for 540 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
No Zoning
Parking
16
Subdivision
Commercial
Directions
From HWY 90 turn onto North Main Street and procced approximately 2.1 miles, building is located on the left
Standard status
Pending
APN
M7-17-001.00
Size
2,734 SF
Lot size
0.80 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
1960
Floors in Building
1
Roof type
Metal
Listing Agency:
No Wake Real Estate
(606) 753-9253
Listed By:
HG Hickey III · License #265748
(606) 278-1070
Added: Apr 29
Changed: Jul 23
Last Checked: Jul 30 at 11:06PM
MLS# 26009490
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Investment Insights
Based on property information with market context.
This two-building commercial property includes Building 1 along Main Street and a second building in the rear. Building 1 runs parallel to Main Street and has multiple points of ingress and egress. The building is currently arranged with six units, with five converted into one-bedroom, one-bath apartments and one unit used as an office. The apartments utilize electric heating and cooling. The office includes a large common room, storage closets, and a bathroom.
Building 2 is located in the rear and measures 36 by 30, with a large parking lot. It includes an office and a bathroom and is currently leased to an automotive repair shop. The property sits on just under one acre on Main Street in Monticello, KY.
On Building 1, the landlord pays electric and water for all units except Unit 1. For Building 2, electric and water are paid by the tenant.
Building 2 is located in the rear and measures 36 by 30, with a large parking lot. It includes an office and a bathroom and is currently leased to an automotive repair shop. The property sits on just under one acre on Main Street in Monticello, KY.
On Building 1, the landlord pays electric and water for all units except Unit 1. For Building 2, electric and water are paid by the tenant.
Key Highlights
- Commercial property on Main Street in Monticello with two buildings and multiple ingress/egress points (Building 1).
- Building 1 has 6 units: 5 converted apartments (1 bed/1 bath) plus 1 office with large common room, storage closets, and a bathroom.
- Building 1 includes electric heating and electric cooling; apartments use electric utilities (landlord pays electric and water for Building 1 except Unit 1).
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 42633, KY
18,296
Population
9,280
Households
2
Avg Household Size
43
Median Age
13%
College-Educated
79%
High-School Grad
419.3 sq mi
ZIP Area
44
Density / Sq Mi
$42,500
Median Household Income
$30,129
Median Earnings
$665
Median Rent
$124,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings on Main Street: six current units in Building 1 and a rear leased automotive repair office with bathroom.
Where is this apartment building located?
The property is located at 540 N Main Street Monticello, 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: Commercial property on Main Street in Monticello with two buildings and multiple ingress/egress points (Building 1).; Building 1 has 6 units: 5 converted apartments (1 bed/1 bath) plus 1 office with large common room, storage closets, and a bathroom.; Building 1 includes electric heating and electric cooling; apartments use electric utilities (landlord pays electric and water for Building 1 except Unit 1).
