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    415 Dixie Hwy Cave City, KY 42127

    Sponsored
    For Sale
    $339,900

    15+ Room Motel, 1.12 Acres, Great Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents the chance to acquire the historic Caveland Hotel, located at 415 North Dixie Hwy, Cave City, KY 42127. This unique property sits on a sizable 1.12-acre lot and boasts a main building containing 15 or more rooms, ideal for a motel operation. In addition to the hotel rooms, the property includes a separate two-bedroom manager's apartment/quarters situated behind the main office area, providing convenient on-site living accommodations. The property's prime location in Cave City, Kentucky offers significant potential for continued operation as a motel or presents a rare opportunity for conversion into a multi-family apartment complex. The asking price for this historically significant property is $339,900. This represents a unique investment opportunity in a desirable location with significant upside potential. The property is zoned for commercial use and is ready for a new owner to capitalize on its existing structure or to envision a new purpose. Given its size and location, this property is a rare find in the Cave City market. Serious inquiries are encouraged to explore the possibilities this property offers. The property is sold as-is.

    Property Features for 415 Dixie Hwy

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Caveland Motel Motel

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cave City
    County
    Barren
    State
    Kentucky
    Longitude
    -85.9509688
    Latitude
    37.1413183

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    FAQs

    What type of property is this?
    Land - 15+ Room Motel, 1.12 Acres, Great Potential
    Where is this land located?
    The property is located at 415 Dixie Hwy Cave City, KY.
    What is the asking price?
    The asking price for this property is $339,900.
    Request Owner's contact information
    415 Dixie Hwy Cave City, KY 42127
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    Cave City, KY 42127
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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
    415 Dixie Hwy Cave City, KY 42127
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