226 Dixie Ave Elizabethtown, KY 42701
- Commercial real estate
- 3,417 SF
- 0.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 226 Dixie Ave
- Year built
- 1900
- Lot size
- 0.36 lot acres
- Property size
- 3,417 SF
- Property type
- Commercial real estate
- APN
- 221-10-10-010
- APU
- 2211010010
Description
This exceptional 3,860 square foot, Class A retail space presents a unique opportunity for a discerning restaurateur or bar owner. Located on a bustling downtown street, this single-tenant property boasts high foot traffic and proximity to popular evening destinations, ensuring a steady stream of potential customers. The property, housed in a two-story building (no elevator), underwent a complete renovation in 2016. The main level features a fully equipped bar, a functional kitchen, and ample seating for patrons. The true highlight is the expansive, recently renovated back patio and pavilion, capable of accommodating over 100 guests. All patio furniture, an outdoor bar, and restrooms are included. The upper level provides a versatile event space, complete with tables and décor, perfect for private parties or special occasions. This turnkey operation includes all equipment, glassware, tableware, and furnishings shown in the photographs, eliminating the need for significant upfront investment. The property is zoned for commercial use and represents a rare opportunity to acquire a fully operational and well-appointed establishment in a prime downtown location. This is a truly exceptional opportunity to establish or expand your business in a thriving environment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $760,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $775,000
- 6.5%
- $650,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $655,000
- Geo Method
- $765,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $835,000
- Retail
- $770,000
- Mixed-Use
- $700,000
- Hospitality
- $620,000
- Educational
- $850,000
- Residential Income
- $775,000
- Energy
- $770,000
- Income-Based Land
- $690,000
- Food Service
- $725,000
Location Insight
- Map
- Local Demand
- City
- Elizabethtown
- County
- Hardin
- State
- Kentucky
- Longitude
- -85.8612
- Latitude
- 37.6944
- CBSA code
- 21060
- CBSA name
- ELIZABETHTOWN-FORT KNOX, KY METROPOLITAN STATISTICAL AREA