Commercial Storefront in Brandenburg,
716 High St, Brandenburg, KY 40108
For Sale
$499,000
Commercial property ideal for sales and services business in Brandenburg.
Property Size5,640 SF
Lot Size0.46 Acres
Price / SF$88.48
Days on Market708
Property Features for 716 High St
General Information
Standard status
Size
Lot size
Listing Agency:
KENNY SMITH REALTY LLC
(270) 734-2012
Listed By:
Brenda Pirtle · License KY #277309
(270) 401-1892
Source:
Exprealty
Added: Dec 3, 2024
Changed: Sep 4
Last Checked: Sep 4 at 2:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KENNY SMITH REALTY LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial storefront property is available for sale or lease in Brandenburg, Kentucky. Situated on 0.47 acres, the 5,640 square foot building features a free span design. It is equipped with three-phase electric power, generator-ready capability, and an air compressor. The building includes two restrooms and front office space. The rear of the building is currently configured as a mechanic's space, featuring large overhead doors suitable for working on cars or large equipment. This divider can be easily removed to suit the needs of the buyer or renter. Two Conex buildings are attached to the property, providing additional storage space with large overhead doors. Additional outside storage is available at the back of the property. There are more than 15 parking spaces available. Located less than a mile from the Ohio River boat docks and a few miles from the Corydon, Indiana bridge, the property is positioned as an ideal location for a boating or ATV sales and services business. Lease to own with owner financing is also an option.
Key Highlights
- Prime commercial location in Brandenburg, KY, ideal for boating/ATV sales and service due to proximity to Ohio River boat docks.
- Large 5,640 sq ft free span building with flexible layout; mechanic's space can be easily removed.
- Lease‑to‑own option with owner financing available at $11.00/sq ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,619
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,380
$772.4K
Cap Rate 7%
$551,700
$551.7K
Cap Rate 9%
$429,100
$429.1K
Market Conditions
NOI Build-Up for 5,640 SF
Gross rent
$57.5K $10.20/SF
− Vacancy
−$2.4K −$0.42/SF
EGI
$55.2K $9.78/SF
− OpEx
−$16.6K −$2.93/SF
NOI
$38.6K $6.85/SF
Area
Meade County, KY
Vacancy
4.10%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,380
Cap Rate 7%
$551,700
Cap Rate 9%
$429,100
Alternative Uses
Best Use
Retail
$928.9K
$812.8K – $1.08M
NOI $65,024 @ 7.0% cap · market cap 13.03%
Second Best
Industrial
$551.7K
$482.7K – $643.7K
NOI $38,619 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,647 @ 7.0% cap · market cap 19.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Big O Tires
Shops & Services
1,785 visits/mo
0.3 miles
FedEx Office Print & Ship Center
Shops & Services
845 visits/mo
0.4 miles
Demographics for 40108, KY
12,601
Population
5,311
Households
2.4
Avg Household Size
41
Median Age
17%
College-Educated
91%
High-School Grad
69.0 sq mi
ZIP Area
183
Density / Sq Mi
$71,480
Median Household Income
$45,238
Median Earnings
$836
Median Rent
$216,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- J & N Services Inc — 364 Broadway St, Brandenburg, KY 40108
- Big O Tires — 333 Broadway St, Brandenburg, KY 40108
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property ideal for sales and services business in Brandenburg.
Where is this auto shop located?
The property is located at 716 High St Brandenburg, KY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Prime commercial location in Brandenburg, KY, ideal for boating/ATV sales and service due to proximity to Ohio River boat docks.; Large 5,640 sq ft free span building with flexible layout; mechanic's space can be easily removed.; Lease‑to‑own option with owner financing available at $11.00/sq ft.
