421 Main St McKee, KY 40447
- Commercial real estate
- 17.54 lot acres
Current Use by Public Records
- Carquest Auto Parts - McKee Auto Supply / Auto Parts Store
Property Details for 421 Main St
- Lot size
- 17.54 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity in McKee, Kentucky, presents a diverse portfolio of income-generating properties on a substantial 17.54-acre lot. The property boasts a 98% occupancy rate, demonstrating strong tenant demand and consistent revenue generation. The portfolio includes a mix of residential and commercial spaces, offering a diversified income stream. Residential units consist of one approximately 750-square-foot framed house, one approximately 1200-square-foot brick house, and two second-floor apartments totaling approximately 1560 square feet. A thriving flower shop occupies approximately 1560 square feet of commercial space on the ground floor. Further enhancing the income potential are eight manufactured homes and twenty-eight storage units of varying sizes. Six storage units measure 12x24 feet, twenty measure 10x10 feet, one measures 12x30 feet, and one measures 12x38 feet. A significant asset is the inclusion of a 5000-square-foot building currently occupied by the Catholic Appalachian Project. Note that all square footage is based on PVA records. This established, family-owned and managed business offers a turnkey investment opportunity with significant potential for future growth and expansion. Priced at $1,200,000, this property represents a compelling opportunity for investors seeking a high-yield, diversified portfolio in a stable market.
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
- McKee
- County
- Jackson
- State
- Kentucky
- Longitude
- -83.9973
- Latitude
- 37.4301
