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    OFF-MARKET
    Retail properties & Spaces

    4237 Jackson Hwy, Glasgow, KY 42141

    200 SF 1.63 ac lot Built 1955
    Property ID
    Property summary
    AI-generated overview

    This exceptional turnkey opportunity encompasses a vibrant restaurant and four income-generating apartments, all situated on a substantial 1.63-acre lot. The property, located at 4237 N Jackson Hwy in Glasgow, Kentucky, boasts a prime location fronting N. Jackson Highway, ensuring high visibility and accessibility. The restaurant itself is a well-established and profitable business, complete with all necessary inventory and equipment, ready for immediate operation by a new owner. The building, constructed in 1955, offers a total of 200 square feet of commercial space dedicated to the restaurant. Upstairs, four separate apartments provide additional revenue streams. Each apartment features one bedroom and one bathroom, offering comfortable and independent living spaces for tenants. The property's substantial lot size presents significant potential for future expansion or development. The asking price for this unique combination of commercial and residential real estate is $449,000. The property's APN is 94-9c. This is a rare chance to acquire a profitable, established business with significant rental income potential. Don't miss this opportunity to own a piece of Glasgow's thriving commercial landscape.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1955
    Total area 200 SF
    Lot 1.63 ac (71,003 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ritter House, LLC Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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