Property profile

240 High Pt Ct Mount Washington, KY 40047

OFF-MARKET
Commercial real estate
Property ID
US34-0686348
4,897 SF 0.94 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 4,897 square foot retail property, built in 2013, is situated on a 1.04-acre lot at 240 High Point Court in Mount Washington, Kentucky, zip code 40047. The single-story, free-standing building boasts ample parking and is ideally located near the intersection of Hwy 150 (Bardstown Rd) and Hwy 44. Currently configured as a sports restaurant, the property features a full kitchen, walk-in freezer and cooler, a full bar, and both indoor and outdoor seating areas. The asking price is $2,200,000, translating to $449.25 per square foot. This presents a significant opportunity for a variety of retail uses. The property benefits from a strong location, anchored by a Kroger grocery store next door and surrounded by other national and regional retailers including Walgreens, McDonald's, PNC Bank, Wendy's, Taco Bell, KFC, Value Market, and Goodwill. This high-traffic area ensures excellent visibility and accessibility for any business. The property's existing restaurant infrastructure offers a significant advantage for a quick transition to a new operator. The ample parking and prominent location make this a truly exceptional retail opportunity in a thriving Kentucky community.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 4,897 SF
Lot 0.94 ac (41,034 SF)
APN 077-NC0-04-010
UPID US34-0686348

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Location

240 High Pt Ct Mount Washington, KY 40047-6563
Mount Washington metro Census 20103 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$890k
Comparable Approach Comparable
$704k
Blend (final) Blend
$795k

Owner & transaction history

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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