115 Main St Corbin, KY 40701-1453
This exceptional opportunity presents the chance to acquire the renowned Moonbow Building, a historic landmark in vibrant downtown Corbin, KY. This 11,450 square foot property sits on a 0.14-acre lot and is offered at $979,000. Currently generating consistent income from fully leased spaces, this investment boasts multiple revenue streams. The building features a recently installed (3-year-old) solar panel array valued at $50,000, significantly reducing utility costs, which range from $200 to $1,200 monthly (included in tenant rent). A modern HVAC system and dedicated mechanical room ensure efficient and comfortable operation. The first floor comprises approximately 5,000 square feet of adaptable commercial space, perfect for retail, events, or various business uses. This flexible layout includes two open mezzanines, ADA-compliant restrooms, a full kitchen, and substantial storage. The building's prime downtown location guarantees exceptional visibility and accessibility. This is a rare chance to own a piece of Corbin's history and secure a profitable, low-maintenance investment property with significant upside potential. The open layout of the first floor allows for a variety of uses, making it an attractive option for a wide range of businesses. The building's features, including the solar panels and modern HVAC system, contribute to its efficiency and appeal.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
COMMERCIAL · Corbin, KYCorbin. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.