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Property profile & analytics
OFF-MARKET
Commercial real estate

740 Main St Jamestown, KY 42629

1.49 ac lot
Property ID
US34-1586435
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 1.49 ac (64,904 SF)
UPID US34-1586435
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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