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    218 Main St Russellville, KY 42276

    Sponsored
    For Sale
    $789,495

    Remodeled Bank Building, 6,000 SF, Vacant

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 218 W Main Street in Auburn, Kentucky, presents a unique investment opportunity. The building, a completely remodeled former bank, boasts 6,000 square feet of versatile space ideally suited for a variety of office uses. The interior features eight individual offices, providing ample room for staff and clients, along with four bathrooms for convenience. A large conference room is perfect for meetings and presentations. The property's prime location in the heart of Auburn ensures high visibility and accessibility. Currently vacant, this property offers immediate occupancy for a new business or expansion. The asking price is $789,495. The property is classified as both office and land, offering potential for future development or expansion. The building's history as a bank speaks to its solid construction and inherent structural integrity. Its central location within Auburn, Kentucky, in Logan County, zip code 42276, provides easy access to local amenities and transportation routes. Serious inquiries are encouraged to explore this promising investment opportunity. The seller will also consider leasing options for the property. This is a rare chance to acquire a well-maintained, centrally located commercial building in a thriving Kentucky community.

    Property Features for 218 Main St

    General Information

    Property type
    Land
    Square Feet
    6,000 SF

    HighLights

    • $789,495 asking price.
    • 6,000 square foot office building and land.
    • Vacant commercial property.
    • Located at 218 W Main Street, Auburn, KY 42276.
    • Completely remodeled former bank building.
    • Features eight offices, four bathrooms, and a large conference room.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Logan
    State
    Kentucky
    Longitude
    -86.8822445
    Latitude
    36.848859

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    FAQs

    What type of property is this?
    Land - Remodeled Bank Building, 6,000 SF, Vacant
    Where is this land located?
    The property is located at 218 Main St Russellville, KY.
    What is the asking price?
    The asking price for this property is $789,495.
    What are key features of this property?
    This property features: $789,495 asking price.; 6,000 square foot office building and land.; Vacant commercial property.
    Request Owner's contact information
    218 Main St Russellville, KY 42276
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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
    218 Main St Russellville, KY 42276
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