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$ 475,000
Active
202 S College Street Harrodsburg, KY 40330
8,008 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 8,008 sqft
Price per Sqft $59
Subdivision Downtown
MLS Listing ID 26001844
Year Built 1910
Lot Size 8,160 Sqft
Acres 0.19
Property Sub-Type Hotel/Motel
Property Description
Back on Market - Motivated Seller! 19-Unit Income Property in Downtown Harrodsburg Approx. 8,000 sq ft income-producing building generating around $8,900 per month in gross rent. Originally constructed as a hospital and converted to apartments in the 1950s; current ownership since 1996. Well maintained and turnkey: new roof 2024, updated plumbing/electrical, no known major deferred maintenance. Historically ~90% occupancy with reliable rent roll; primarily elderly tenants on Social Security for stable income. Gas boiler heat, window A/C units, 300-amp electrical service, street parking available. Local property management available. Flexible layout for future improvements or redevelopment. Sold as-is. No seller financing. Seller needs clean exit. Previously under contract for most of its listing period — now available again.
Location
State KY
County Mercer
Interior
Heating Hot Water, Natural Gas, Steam
Cooling Window Unit(s)
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N N
Roof Type Metal
Handicap Access No
Private Pool No
Building
Sewer Public Sewer
Others
Special Listing Condition Standard
Listed by RM McGinnis, LLC Real Est & Auction Professionals
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