312 W Main St La Grange, KY 40031
For Sale
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This exceptional investment opportunity in La Grange, Kentucky, presents a portfolio of two properties totaling 8,906 square feet, currently operating as a daycare and restaurant. Located at 311 W Jefferson St and 312 W Main St, this offering presents a unique blend of commercial and residential zoning. The asking price is $975,000, translating to $109.48 per square foot. The property at 311 W Jefferson Street is zoned commercial, while the property at 312 W Main Street is zoned R-4. This prime location sits conveniently between West Main Street and West Jefferson Street, offering excellent visibility and accessibility. The properties are within easy walking distance of downtown La Grange and the popular La Grange Springs Park, ensuring high foot traffic and a strong local customer base. This presents a rare chance to acquire a well-positioned, dual-use property portfolio with significant potential for future growth and return on investment. The combined properties offer a diverse income stream and a solid foundation for a savvy investor seeking a high-yield opportunity in a thriving Kentucky community. This is a turnkey operation ready for immediate income generation or further development. Serious inquiries only.
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
Similar Nearby for Lease
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.