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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

115 Main St Corbin, KY 40701-1453

14,400 SF
Entity Owned 9-yr Hold Free & Clear
Property ID
US34-1806376
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,400 SF
Zoning code COMMERCIAL
APN 137-32-16-004.00
UPID US34-1806376
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Trillium Ventures LLC · 9 yrs held
Trillium Ventures LLC
since 2017
4 recorded transactions
2019
Price N/A
2017
Price N/A
2017
$160,000
2012
$86,000
Zoning & alternative use
COMMERCIAL · Corbin, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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