538 Ky Hwy Williamsburg, KY 40769
- Commercial real estate
- 1,834 SF
- 0.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 538 Ky Hwy
- Year built
- 2003
- Lot size
- 0.50 lot acres
- Property size
- 1,834 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Williamsburg
- County
- Whitley
- State
- Kentucky
- Longitude
- -84.1696
- Latitude
- 36.7221
