1208 Main St Cumberland, KY 40823-1720
This prime commercial property, located at 1208 E. Main Street in downtown Cumberland, Kentucky, presents a unique investment opportunity. The shopping center comprises seven spacious units, each equipped with central heating and air conditioning, ensuring year-round comfort for tenants and their customers. A significant advantage is the ample parking available: approximately 60 designated parking spaces are currently in place, with the potential to add up to 10 more. This ensures convenient access for patrons and employees alike. The building's design prioritizes ease of access, featuring simple entry and exit points for all units, making it suitable for a wide range of commercial ventures. While some units require renovation, this presents a compelling opportunity for a buyer to customize the space to meet their specific business needs and create a modern, updated commercial center. The property's high visibility and central location in downtown Cumberland make it an ideal choice for businesses seeking strong foot traffic and easy accessibility. This is a chance to acquire a substantial commercial property with significant upside potential in a growing Kentucky market. The asking price is $299,000. The lot size is 0 acres. The property is classified as General Commercial.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.