107 Main St Campbellsville, KY 42718
This exceptional 13,360 square foot mixed-use building, constructed in 1940, is situated at 107 E Main Street in historic downtown Campbellsville, Kentucky (zip code 42718). The property features a two-story structure with a permitted commercial zoning designation. Currently, the building houses two tenants generating a combined monthly rent of $1,700, occupying the rear portion of the building. A significant opportunity exists with a vacant 2,000 square foot storefront space on Main Street, offering potential rental income of $1,500 to $2,000 per month. This space is easily divisible into two separate rental units, given its two existing entrances. The unfinished second floor presents substantial development potential, encompassing two large front spaces ideal for businesses or event venues, and a rear area suitable for conversion into three residential condominiums. The building also includes a garage and three bathrooms. This property represents a unique investment opportunity in a vibrant downtown location, offering a blend of existing income and significant upside potential through lease-up and redevelopment of the vacant and unfinished spaces. The building's historic character and prime location provide a strong foundation for future growth and profitability.
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Paint & Party Creative Studio Theater & Performing Art Venue
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.