121 16Th St Ashland, KY 41101
- Office buildings
- 0.65 lot acres
Current Use by Public Records
- Correct Construction Inc / General Contractor
- Thrive Ministries / Church
- Brittany Hall Beauty / Make-Up Artist
- Sculpt The Collective / Spa
- Heather Lynn Photography / Photography Studio
Property Details for 121 16Th St
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.65 lot acres
- Property type
- Office buildings
- APN
- 030-13-04-003.00
- APU
- 30130400300
Description
This exceptional mixed-use property, the "Identity Complex," presents a compelling investment opportunity in Ashland, KY's vibrant downtown business district. Located at 121 16th St, 41101, this three-building complex occupies nearly half a block between 16th and 15th Streets, bordering Greenup Ave and the floodwall. The 10,000 square feet of space is currently 75% occupied by six tenants, generating immediate income. Built in 1900 and extensively renovated in 2023, the property boasts a total of 10,000 square feet of air rights and features a two-story design. The property is zoned for commercial use, offering significant potential for further development. Imagine transforming additional space into lucrative loft apartments or expanding existing commercial areas. Detailed financial records are available, providing transparency and confidence in this investment. This is a rare chance to acquire a substantial income-producing asset in a thriving Kentucky location, just one block from the Delta Hotel. The asking price is $875,000, representing a price per square foot of $87.50.
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
- Ashland
- County
- Boyd
- State
- Kentucky
- Longitude
- -82.6387
- Latitude
- 38.4804
- CBSA code
- 26580
- CBSA name
- HUNTINGTON-ASHLAND, WV-KY-OH METROPOLITAN STATISTICAL AREA
