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    243 Commercial Drive

    Vanceburg, KY 41179
    • $700,000
    • STATUS: Active
    • ON SITE: 10 days
    • MLS #: 552970
    UPDATED: 21 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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    © 2021 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 The Scarlett Property Group of Keller Williams 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: 2021-09-24T17:49:26.877.
    www.scarlettpg.com/homes/121377610
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    243 Commercial Drive Vanceburg, KY 41179

    • Price: $700,000
    • Status: Active
    • Updated: 21 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 Foundation Details Slab Levels One Lot Size Dimensions 1.72 Acres Roof Shingle

    Interior Features

    Basement None Basement YN No Cooling Central Air Cooling YN Yes Flooring Carpet Heating Forced Air Heating YN Yes Inclusions

    Property Features

    Electric Expense 0 Gross Income 67452 Insurance Expense 2537 Lease Considered YN No Maintenance Expense 6000 New Construction YN No Other Expense 52404 Ownership Corporate Property Sub Type Business Property Sub Type Additional Commercial Sewer Public Sewer Tax Annual Amount 6511 Trash Expense 0 Utilities Natural Gas Available Water Sewer Expense 0 Water Source Public Zoning Description Commercial

    Courtesy of Copperwood Realty Group Llc. © 2021 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. Information has not been verified, is not guaranteed, and subject to change.


    © 2021 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 The Scarlett Property Group of Keller Williams 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: 2021-09-24T17:49:26.877.
     
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    The Scarlett Property Group of Keller Williams
    7210 Turfway Road
    Florence KY, 41042