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Property profile & analytics

226 Dixie Ave Elizabethtown, KY 42701

  • Commercial real estate
  • 3,417 SF
  • 0.36 lot acres
Value Estimation
$755,000
Last Sale
Aug 28, 2024
$760,000
Location Intelligence
Property ID
US34-2219894
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$2,859
$125,000
$325,000
$450,000
-
$125,000
$325,000
$450,000
More about this property
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