Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Clay City Commercial Hub Title is generated by Realmo AI

    5649 Main Street, Clay City, KY 40312

    View on Map
    Claim this Listing
    For Sale
    $375,000

    COMMERCIAL - Clay City, KY

    Property size:
    1,568 SF
    Lot size:
    0.67 Acres
    Price / SF:
    $239/SF
    Added:
    Jul 8, 2025
    Days on Market:
    312
    Last Refresh:
    May 15 at 2:06 am

    Property Features for 5649 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    20
    Standard status
    Active
    Size
    1,568 SF
    Lot size
    0.67 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Floors in Building
    1
    Building materials
    Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Jacqueline Townsend

    Listing agent Jacqueline Townsend License #265864

    Listing office RE/MAX Creative, Winchester 804 Bypass Road, Lexington, KY

    Listing date Jul 8, 2025

    MLS# 25014865

    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.

    HighLights

    • Main Street visibility and high traffic location ideal for attracting customers.
    • Four‑unit commercial property suitable for diverse business types.
    • Ample parking with space for up to 20 vehicles.
    • Conveniently located less than a quarter mile from the Mountain Parkway.
    • Affordable flood insurance.
    • Opportunity for expansion or new construction on the remaining lot.

    Overview

    This well-maintained, four-unit commercial property is located in Clay City, Kentucky. The property has been a family-owned business hub for over 35 years. Situated less than a quarter mile from the Mountain Parkway, the property benefits from excellent visibility on Main Street. It includes parking space for up to 20 vehicles. The 0.671-acre lot offers room to expand or build. The 1,568 square-foot building has hosted boutiques, salons, IV therapy clinics, and takeout restaurants. The property benefits from strong foot and vehicle traffic from locals and tourists. It is suitable for investors or entrepreneurs and is ready for immediate leasing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lily's Flower Box (Bike/Boat/Book/etc) Store The Muddy Water Boutique Clothing Store Red River Reads (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Pharmacy Food Market Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clay City
    County
    Powell
    State
    Kentucky
    Longitude
    -83.941332
    Latitude
    37.865922

    Nearby Similar for Sale

    • $1,400,000
      11,378 SF

      32 Acres Multi-Unit Commercial Opportunity

      Multi-unit commercial property on 32 acres near Red River Gorge.
      1429 Brush Creek Road, Clay City, KY 40312
      View Details
    • $150,000
      1,004 SF

      Versatile Commercial Building in Clay City

      Dual-unit commercial building with high visibility and income potential.
      5657 Main Street, Clay City, KY 40312
      View Details
    • $260,000
      2,400 SF

      Versatile Office Building in Clay City

      Two-story office building with conversion potential in Clay City, KY.
      4418 Main Street, Clay City, KY 40312
      View Details
    • $445,000

      Versatile Income Property with Acreage

      Fully rented 8-unit property on 3 acres near Mountain Parkway.
      2885 Main St, Clay City, KY 40312
      View Details
    • $799,945
      9,180 SF

      Family Dollar Store For Sale

      Family Dollar store with minimal landlord responsibilities and healthy demographics.
      5645 Main St, Clay City, KY
      View Details
    • $150,000

      Versatile Commercial Building in Clay City

      Two-unit commercial building in Clay City, Kentucky, for sale.
      5657 Main St, Clay City, KY, 40312-1308
      View Details

    FAQs

    What type of property is this?
    Storefront property - Four-unit commercial property with Main Street visibility in Clay City.
    Where is this storefront property located?
    The property is located at 5649 Main Street Clay City, KY.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Main Street visibility and high traffic location ideal for attracting customers.; Four‑unit commercial property suitable for diverse business types.; Ample parking with space for up to 20 vehicles.
    (606) 481-5575
    We can help!
    Listing Contact
    Jacqueline Townsend
    Real Estate License ID: 265864
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5649 Main Street, Clay City, KY 40312
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!