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Three-Section Mixed-Use Property
For Sale
$700,000

65 Old Springfield Road, Lebanon, KY 40033

Commercial Sale, Lebanon, KY

Property Size11,500 SF
Lot Size1.09 Acres
Price / SF$60.87
Days on Market320

Property Features for 65 Old Springfield Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Parking 40
Subdivision Commercial
Directions From Main Street, turn on N Spalding Ave, the property will be on the right.
Standard status Active
APN 064-025
Size 11,500 SF
Lot size 1.09 Acres

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Heat Pump

Building Details

Building materials Block, Brick
Roof type Shingle
Listing Agency: VIP Commercial Realty
Listed By: Don Thomas · License #204621
Added: Nov 10, 2025 Changed: Sep 18 Last Checked: Sep 26 at 2:06PM
MLS# 25505819

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.

Investment Insights

Based on property information with market context.

This 11,500-square-foot mixed-use property on 1.09 acres is arranged in three separate sections. The front area includes new flooring and is suited to restaurant, event, or retail use. A flea market currently operates in the middle section, while the rear contains an Airbnb rental that adds a residential component to the property.

Fresh exterior paint complements block and brick construction, with shingle roofing, heat pump heating and cooling, and public sewer service. The layout provides distinct commercial and lodging areas within one property, supporting multiple established and potential uses.

Key Highlights

  • 11,500‑square‑foot mixed‑use property on 1.09 acres
  • Three distinct sections with commercial and short‑term rental components
  • Front section has new flooring and supports restaurant, event venue, or retail use

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Restaurant Dental Office Big Box & Wholesale Store HVAC Service Auto Parts Store Grocery & Convenience Store

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

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

72
Businesses Nearby

Demographics for 40033, KY

12,726
Population
5,167
Households
2.5
Avg Household Size
40
Median Age
11%
College-Educated
87%
High-School Grad
140.4 sq mi
ZIP Area
91
Density / Sq Mi
$49,642
Median Household Income
$37,566
Median Earnings
$733
Median Rent
$160,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Flexible commercial layout combines retail, market, and short-term rental components with highway access.
Where is this mixed-use property located?
The property is located at 65 Old Springfield Road Lebanon, KY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 11,500‑square‑foot mixed‑use property on 1.09 acres; Three distinct sections with commercial and short‑term rental components; Front section has new flooring and supports restaurant, event venue, or retail use
More about this property
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