870 Main St Madisonville, KY 42431-3068
- Commercial real estate
- 0.25 lot acres
Current Use by Public Records
- Mainstreet Barbers / Barber Shop
Property Details for 870 Main St
- Construction
- FRAME
- Lot size
- 0.25 lot acres
- Property type
- Commercial real estate
- APN
- M-23-14-26
- APU
- M231426
Description
This exceptional mixed-use property in Madisonville, Kentucky, presents a compelling investment opportunity. Located at 870 S Main St, this two-story building encompasses 1,698 square feet on a sizable 0.43-acre lot. Currently configured as a thriving barbershop on the ground floor and a spacious two-bedroom, one-bathroom apartment on the upper level, this property offers immediate income potential and significant versatility. The building's prime location ensures high visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. The substantial lot size provides ample space for potential expansion or future development. The combination of commercial and residential components creates a unique investment opportunity, allowing for diverse income streams and long-term growth potential. This property is ideal for investors seeking a stable, income-generating asset in a desirable Kentucky market. The existing barbershop provides a proven business model, while the apartment offers additional rental income. The property's size and location make it a highly attractive investment for those seeking a blend of commercial and residential real estate. This is a rare opportunity to acquire a well-established, income-producing property in a thriving community. The property is zoned for mixed-use, offering flexibility for future adaptations and expansions. This turnkey investment is ready for immediate occupancy and income generation.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Madisonville
- County
- Hopkins
- State
- Kentucky
- Longitude
- -87.502
- Latitude
- 37.3145
- CBSA code
- 31580
- CBSA name
- MADISONVILLE, KY MICROPOLITAN STATISTICAL AREA