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Property profile

538 Ky Hwy Williamsburg, KY 40769

OFF-MARKET
Commercial real estate
1,834 SF 0.5 ac lot Built 2003
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 1,834 square foot general commercial property situated on a half-acre lot at 538 Ky Hwy 92, Williamsburg, KY. Currently leased at $8,000 per month through October 2023, with the tenant expressing a desire to renew, this property offers a compelling return on investment. The lease is structured as a true Triple Net (NNN) lease, meaning the tenant is responsible for all property expenses including taxes, insurance, and maintenance, minimizing the owner's operational responsibilities. Located in a university town, this property benefits from a stable and potentially growing tenant base. The property's strong cash flow and the current lease agreement make it an attractive proposition for investors seeking a reliable income stream. The seller is open to a 1031 exchange, providing a tax-advantaged transition for qualified buyers. It's important to note that the seller does not own the Huddle House franchise located on the property. This property presents a rare opportunity to acquire a high-yielding, low-maintenance commercial investment in a desirable location. The current lease provides immediate cash flow, and the potential for lease renewal further enhances the long-term value of this asset. Serious inquiries are encouraged to explore this exceptional investment opportunity.

Property profile

Verified
Property type Commercial real estate
Year built 2003
Total area 1,834 SF
Lot 0.5 ac (21,780 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

538 Ky Hwy Williamsburg, KY 40769
Williamsburg metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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