Listing Agency: Coldwell Banker McMahan Winchester a***@andrewfugitt.com Show Phone

Listed By: Andrew Fugitt · License #KY

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 4:54PM

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Investment Insights

Based on property information with market context.

Located at 58 West Walnut Street in Mt. Olivet, Kentucky, this office property contains two previously distinct commercial areas. One side operated as an insurance office, while the other was used as a beauty salon. The building has been vacant for a few years. The existing layout may also support conversion to a residential triplex, subject to the work required and applicable approvals.

Key Highlights

• Two separate former commercial‑use areas within the building
• Previously operated as an insurance office on one side
• Former beauty salon occupied the other side

Property Analytics

Property Profile

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Repair Shop Auto Parts Store Grocery & Convenience Store Florist Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

59

Businesses Nearby

Explore this area Business Placement

Demographics for 41064, KY

1,978

Population

887

Households

2.2

Avg Household Size

48

Median Age

10%

College-Educated

83%

High-School Grad

84.3 sq mi

ZIP Area

23

Density / Sq Mi

$49,500

Median Household Income

$41,964

Median Earnings

$590

Median Rent

$124,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office units - The building was formerly divided between an insurance office and a beauty salon.

Where is this office units located?

The property is located at 58 West Walnut Street Mount Olivet, KY.

What are key features of this property?

This property features: Two separate former commercial‑use areas within the building; Previously operated as an insurance office on one side; Former beauty salon occupied the other side