740 Main St Jamestown, KY 42629
This exceptional commercial property, located at 740 N Main Street in Jamestown, KY, presents a unique investment opportunity. The main building, previously a restaurant, boasts ample indoor and outdoor seating areas, a fully equipped kitchen, and a substantial 24' x 28' insulated storage building. A covered 24' x 26' patio with picnic tables provides additional outdoor dining space. The property features a convenient gravel parking lot and driveway that encircles the building, incorporating a drive-thru option. Its prime location on Highway 127 ensures high visibility and easy access. The property's significant advantage lies in the inclusion of an adjoining one-acre vacant lot situated at the corner of US-127 (N. Main Street) and Fair Oaks Drive. This cleared lot is ready for immediate development. City water and sewer services are available. The seller is willing to consider dividing the property, offering flexibility for potential buyers. This combination of existing commercial space and buildable land presents a rare opportunity for diverse business ventures in a high-traffic location. The asking price for this combined property is $350,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.