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    523 Main St Scottsville, KY 42164

    For Sale
    Contact for pricing

    High-yield, multi-tenant retail center

    Property size:
    21,890 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Scottsville, KY retail center: 21,890 SF, 8 tenants, 7.34% cap rate, $95,000 pro-forma NOI. Strong cash flow, value-add potential.

    Property Features for 523 Main St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    21,890 SF
    Lot Size
    115,434 SF

    Building Details

    Year Built
    1960
    Buildings
    3
    Stories
    1
    Units
    11

    HighLights

    • Stable income producing shopping center with a 7.34% pro‑forma cap rate and 97% occupancy.
    • Below‑market rents present significant upside potential.
    • Value‑add opportunities exist through lease‑up and rent increases.
    • Adjacent one‑acre land parcel allows for future expansion.
    • Long‑term tenants, including Dollar Tree and Subway, provide consistent cash flow.
    • Excellent visibility and accessibility in a central Scottsville, KY location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsville
    County
    Allen
    State
    Kentucky
    Longitude
    -86.18468943
    Latitude
    36.75252569

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield, multi-tenant retail center
    Where is this lifestyle center located?
    The property is located at 523 Main St Scottsville, KY.
    What are key features of this property?
    This property features: Stable income producing shopping center with a 7.34% pro-forma cap rate and 97% occupancy.; Below-market rents present significant upside potential.; Value-add opportunities exist through lease-up and rent increases.
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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
    523 Main St Scottsville, KY 42164
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