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Property profile & analytics
OFF-MARKET
Commercial real estate

1208 Main St Cumberland, KY 40823-1720

Entity Owned Free & Clear
Property ID
US34-2188048
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 206-10-22-006.00_2
UPID US34-2188048
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
GRF LLC
GRF LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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