503 4th St Danville, KY 40422-2103

Property Details for 503 4th St

Property type

Commercial land

APN

D14-006-024

APU

D14006024

Description

This exceptional investment opportunity encompasses a prime 0.85-acre corner lot at the intersection of South Fourth Street and Fryes Lane in Danville, Kentucky. The property boasts three distinct buildings, offering diverse income streams and significant potential for growth. Unit 1, a 1200 square foot car lot, includes two offices, a shop, and a restroom. Its exterior features split-faced block construction and a metal roof. Unit 2 is a substantial 3584 square foot building, adaptable for multiple rental uses, featuring two to three rentable areas and two restrooms. This building also showcases block construction with a metal roof. Finally, Unit 3 provides 3212 square feet of storage space, divided into seven bays, within a block building with a rolled asphalt roof. Units 1 and 2 are equipped with electric, gas, water, and sewer connections, while Unit 3 has electric service. All units feature concrete floors, with some areas having tile flooring. The property benefits from approximately 145 feet of road frontage on South Fourth Street and approximately 186 feet of road frontage on Fryes Lane, ensuring high visibility and accessibility. This multi-unit complex presents a rare opportunity to acquire a well-located, versatile commercial property with substantial income potential. The combination of diverse building types and ample road frontage makes this an attractive investment for both seasoned and emerging commercial property owners.