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    Property profile & analytics

    77 River Dr Irvine, KY 40336

    • Turn key restaurants
    • 3,128 SF
    • 0.75 lot acres
    For Sale
    View listing
    $550,000
    Value Estimation
    Location Intelligence
    Property ID
    US34-2004241
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Black Bear Pasta & Steakhouse / Restaurant

    Property Details for 77 River Dr

    Year built
    1970
    Construction
    FRAME
    Lot size
    0.75 lot acres
    Property size
    3,128 SF
    Property type
    Turn key restaurants
    APN
    071-30-06-014.00
    APU
    71300601400

    Description

    This exceptional 3,000 square foot commercial property, located at 77 River Drive in Irvine, Kentucky, presents a unique investment or lease opportunity. Situated on a half-acre lot (0.55 acres), this established restaurant boasts a spacious interior and significant outdoor space, including a large parking area and a sizable deck. The asking price for the sale is $550,000, and owner financing is available, making this an attractive proposition for qualified buyers. Alternatively, the property is available for lease at a monthly rate of $5,000. This lease price includes the use of all existing kitchen appliances, saving the tenant significant upfront investment costs. The ample parking and deck area provide significant advantages for customer convenience and potential outdoor seating, enhancing the overall appeal and functionality of the business. The property's location in Irvine, Kentucky offers access to a thriving local community and presents a strong foundation for a successful restaurant operation. This turnkey opportunity is ideal for an experienced restaurateur looking to establish or expand their business. The combination of a desirable location, substantial space, and available owner financing makes this a compelling investment or lease opportunity. Serious inquiries are encouraged to explore this promising venture further.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $190,000
      6.5%
      $195,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $215,000
      Retail
      $180,000
      Mixed-Use
      $190,000
      Hospitality
      $165,000
      Educational
      $175,000
      Residential Income
      $185,000
      Energy
      $190,000
      Income-Based Land
      $175,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Estill
    State
    Kentucky
    Longitude
    -83.9696
    Latitude
    37.6967
    CBSA code
    40080
    CBSA name
    RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,524
    $235,000
    $0.00
    $235,000
    -
    $235,000
    $0.00
    $235,000

    Comparable in this City

    • Value Estimation
      $245,000
      2,760 SF

      200 Main St

      RESTAURANT • 2,760 SF
      200 Main St, Irvine, KY 40336-1026
      View Details
    • Value Estimation by Request
      1,800 SF

      1041 Winchester Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,800 SF
      1041 Winchester Rd, Irvine, KY 40336-9110
      View Details
    • Value Estimation by Request
      4,601 SF

      98 Richmond Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,601 SF
      98 Richmond Rd, Irvine, KY 40336-7209
      View Details
    • Value Estimation by Request
      2,013 SF

      63 Riv Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,013 SF
      63 Riv Dr, Irvine, KY 40336-1140
      View Details
    • Value Estimation
      $195,000
      2,400 SF

      1561 Richmond Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,400 SF
      1561 Richmond Rd, Irvine, KY 40336-7235
      View Details
    • Value Estimation
      $400,000
      3,342 SF

      1200 Richmond Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,342 SF
      1200 Richmond Rd, Irvine, KY 40336-7232
      View Details

    Similar Nearby for Sale

    • $79,900
      0.31 Acres

      Turnkey Restaurant Opportunity in Irvine

      Restaurant with new electric, plumbing, deck, and parking.
      67 Valley Dr, Irvine, KY 40336
      View Details
    • $99,500
      0.10 Acres

      Commercial Property on Richmond Road

      Commercial property suitable for restaurant, retail, or office use.
      1589 Richmond Rd, Irvine, KY 40336
      View Details
    • $550,000
      3,000 SF

      Irvine, KY Commercial Restaurant

      Restaurant for sale or lease with owner financing.
      77 River Dr, Irvine, KY 40336
      View Details
    • $149,000
      900 SF

      Turnkey Business Opportunity in Irvine

      Thriving business with equipment, mobile home, and expansion potential.
      2580 Barnes Mountain Rd, Irvine, KY 40336
      View Details
    • Contact for pricing
      0.50 Acres

      Prime Irvine Commercial Space

      Retail/Office Space - 900 sq ft
      102 River Dr, Irvine, KY 40336
      View Details
    • Contact for pricing
      1.00 Acre

      Irvine, KY Basement Lot

      One acre basement lot in established neighborhood, private setting.
      Wood Trl Dr, Irvine, KY 40336
      View Details
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    77 River Dr
    Irvine, KY 40336
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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