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243 Commercial Drive

Vanceburg, KY 41179
  • $700,000
  • STATUS: Active
  • ON SITE: 255 Days
  • MLS #: 552970
UPDATED: 28 min ago
$700,000
  • 0
    BEDS
  • 1.72
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

Single tenant building that was custom built to suit for the Commonwealth of Kentucky Cabinet for Health and Family Services. The property is leased until June 30, 2028 making this a high return office investment with nearly 7 years of lease term remaining. This office building is offered for sale at less than 50% of replacement cost. This modified gross lease provides for tenant paid utilities and some tenant paid maintenance. The net operating income is approximately $52,000 per year providing a 7.43% cap rate.

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© 2022 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Parker Real Estate Group | HUFF Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. All data provided is copyrighted by the Northern Kentucky Multiple Listing Service, Inc. Its use is strictly for consumers of real estate and may only be displayed on the internet by participating members of the Northern Kentucky Multiple Listing Service. All attempts to illegally reproduce or host this data will be prosecuted to the fullest extent of the law. Data last updated: 2022-05-27T08:49:25.187.
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243 Commercial Drive Vanceburg, KY 41179

  • Price: $700,000
  • Status: Active
  • On Site: 255 Days
  • Updated: 28 min ago
  • MLS #: 552970
0
Beds
0
Baths
0
½ Baths
1.72
Acres
Neighborhood:
Lewis County
County:
Lewis
Area:
Lewis County
Property Description
Single tenant building that was custom built to suit for the Commonwealth of Kentucky Cabinet for Health and Family Services. The property is leased until June 30, 2028 making this a high return office investment with nearly 7 years of lease term remaining. This office building is offered for sale at less than 50% of replacement cost. This modified gross lease provides for tenant paid utilities and some tenant paid maintenance. The net operating income is approximately $52,000 per year providing a 7.43% cap rate.
Exterior Features

Construction Materials Brick Roof Shingle

Interior Features

Basement None Flooring Carpet

Property Features

Business Type Commercial Lot Size Dimensions 1.72 Acres New Construction YN No Other Expense 52404 Property Class Commercial Property Sub Type Business Sewer Public Sewer Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Description Commercial

Courtesy of Copperwood Realty Group Llc. © 2022 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. Information has not been verified, is not guaranteed, and subject to change.


© 2022 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Parker Real Estate Group | HUFF Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. All data provided is copyrighted by the Northern Kentucky Multiple Listing Service, Inc. Its use is strictly for consumers of real estate and may only be displayed on the internet by participating members of the Northern Kentucky Multiple Listing Service. All attempts to illegally reproduce or host this data will be prosecuted to the fullest extent of the law. Data last updated: 2022-05-27T08:49:25.187.
 
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Parker Real Estate Group | HUFF Realty
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Florence KY, 41042