404 Main St Powderly, KY 42367-5503
This exceptional 1906 sq ft commercial building at 404 W Main Street, Powderly, KY presents a unique business opportunity. The brick structure boasts three separate entrances/exits leading to a spacious, recently sealed and striped parking lot (0.51 acres). A fenced trash disposal area is conveniently located in the back corner. Significant recent upgrades enhance this property's value and functionality. These include a professionally inspected fire suppression system and newer kitchen hoods with functional gas lines, an updated and inspected electrical system, and a new rolled roof, eliminating any leaks. Further improvements encompass plumbing, HVAC, and newly installed light fixtures in the dining room. The building's 1906 sq ft encompasses bathrooms, office space, dry storage, utility storage with cleaning area and floor drains, a kitchen, service area, and a dining room. Handicap accessibility is a key feature. Its strategic location near a major grocery store and newly installed gas pumps, coupled with its position between the expanding communities of Central City and Greenville, makes this one of the few available commercial properties in a high-growth area. The property is priced at $299,000 and is ready for immediate occupancy, awaiting your personal touch and business vision. This is a rare chance to establish your business in a thriving, developing community.
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
Property description
Physical attributes from public recordsZoning & alternative use
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.