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    541 4Th St Danville, KY 40422

    Sponsored
    For Sale
    $475,000

    6,000 SF Mixed-Use, Vacant

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,000-square-foot mixed-use property, located at 541 S 4th St in Danville, Kentucky, presents a unique investment opportunity. Situated on a 0.625-acre lot on a heavily trafficked street, this vacant building is ready for immediate occupancy. The property boasts a versatile layout, featuring 3,000 square feet on the main level and an additional 3,000 square feet on the lower level. The lower level offers convenient access via a large overhead door connecting directly to a driveway, ideal for various commercial uses. Recent renovations have transformed the space, including the installation of three bathrooms, new flooring, fresh paint, and an open floor plan, creating a modern and functional environment. The property is zoned for commercial use and offers significant potential for a variety of businesses, including convenience stores, executive offices, and storefronts. Its prime location and updated interior make this a highly desirable property for discerning investors seeking a turnkey operation in a thriving Kentucky market. The asking price is $475,000. The property consists of one building with one unit. The zip code is 40422.

    Property Features for 541 4Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,000 SF
    Lot Size
    27,225 SF

    Building Details

    Buildings
    1
    Units
    1

    HighLights

    • $475,000 asking price.
    • 6,000 square foot mixed‑use building (3,000 SF each level).
    • Vacant and ready for immediate occupancy.
    • Located on heavily traveled South Fourth Street in Danville, KY.
    • 0.625‑acre lot.
    • Features three bathrooms, new flooring, paint, and an open floor plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Happy Blue Bird ... Antique Furniture Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Boyle
    State
    Kentucky
    Longitude
    -84.774967347907
    Latitude
    37.636208021288

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    FAQs

    What type of property is this?
    Individual retail property - 6,000 SF Mixed-Use, Vacant
    Where is this individual retail property located?
    The property is located at 541 4Th St Danville, KY.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: $475,000 asking price.; 6,000 square foot mixed-use building (3,000 SF each level).; Vacant and ready for immediate occupancy.
    Request Owner's contact information
    541 4Th St Danville, KY 40422
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    Realmo Value Estimation

    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.

    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.

    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
    541 4Th St Danville, KY 40422
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