Property profile

226 Dixie Ave Elizabethtown, KY 42701

OFF-MARKET
Commercial real estate
Property ID
US34-2219894
3,417 SF 0.36 ac lot Built 1900
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,860 square foot, Class A retail space presents a unique opportunity for a discerning restaurateur or bar owner. Located on a bustling downtown street, this single-tenant property boasts high foot traffic and proximity to popular evening destinations, ensuring a steady stream of potential customers. The property, housed in a two-story building (no elevator), underwent a complete renovation in 2016. The main level features a fully equipped bar, a functional kitchen, and ample seating for patrons. The true highlight is the expansive, recently renovated back patio and pavilion, capable of accommodating over 100 guests. All patio furniture, an outdoor bar, and restrooms are included. The upper level provides a versatile event space, complete with tables and décor, perfect for private parties or special occasions. This turnkey operation includes all equipment, glassware, tableware, and furnishings shown in the photographs, eliminating the need for significant upfront investment. The property is zoned for commercial use and represents a rare opportunity to acquire a fully operational and well-appointed establishment in a prime downtown location. This is a truly exceptional opportunity to establish or expand your business in a thriving environment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 3,417 SF
Lot 0.36 ac (15,551 SF)
APN 221-10-10-010
UPID US34-2219894

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

226 Dixie Ave Elizabethtown, KY 42701-1554
Elizabethtown metro Census 1401 ELIZABETHTOWN-FORT KNOX, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
by Request
Comparable Approach Comparable
$565k
Blend (final) Blend
$760k

Owner & transaction history

since 2024
Last sale
$760,000
6 recorded transactions
2024
$760,000
2022
Price N/A
2021
Price N/A
2021
$375,000
2018
Price N/A
2016
$215,070

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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