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Property profile & analytics
OFF-MARKET
Commercial land

218 Main St Auburn, KY 42206-5105

Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US34-0792373
Property summary
AI-generated overview

This exceptional commercial property, located at 218 W Main Street in the heart of Auburn, Kentucky, presents a unique investment opportunity. The building, a completely remodeled former bank, boasts 1.2 acres of land and offers a generous 8 offices, providing ample space for a variety of business uses. Four well-appointed bathrooms cater to the needs of staff and clients alike. A large conference room is ideal for meetings, presentations, or training sessions. The property's central Auburn location ensures high visibility and easy accessibility for customers and employees. Its previous use as a bank suggests a robust and secure structure, built to high standards. The building's modern interior, resulting from a complete remodel, offers a professional and inviting atmosphere. This turnkey property is ready for immediate occupancy, making it an attractive option for businesses seeking a move-in-ready space. The seller is also open to considering lease options, providing flexibility for potential tenants. This is a rare opportunity to acquire a well-maintained, centrally located commercial building in a thriving Kentucky community. The property's size and features make it suitable for a wide range of commercial ventures. Serious inquiries are encouraged to explore this promising investment or lease opportunity further. Contact the listing agent for additional information and scheduling a viewing.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
APN 137-03-07-007-00
UPID US34-0792373
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
Portales Rentals LLC · 2 yrs held
Portales Rentals LLC
since 2023
Last sale
$225,000
1 recorded transaction
2023
$225,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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