$525,000
$550,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
2950 State Hwy 223 Flat Lick, KY 40935
3,200 SqFt
Key Details
Sold Price $525,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $164
Subdivision Commercial
MLS Listing ID 26007583
Year Built 1985
Lot Size 0.589 Acres
Property Sub-Type Business
Property Description
Prime Commercial/Residential Opportunity with Established Income Potential This versatile property offers a unique opportunity for both commercial and residential use, situated on approximately 0.589 acres (per survey) in a highly desirable, high-visibility location. The property features a 3,200 square foot building that was previously operated as a country store, along with a 3,200 square foot unfinished basement, providing substantial additional space for storage, expansion, or future development. In addition to retail use, the building has also previously operated as a deli-style restaurant, offering even greater flexibility for future business ventures. All existing contents will convey with the sale, providing added value and convenience for the next owner. A portion of the building, approximately 960 square feet, is currently leased to the United States Postal Service, creating an immediate and reliable income stream. The remaining space presents excellent potential for retail, restaurant, office use, or redevelopment based on your business vision. The property is equipped with three gas pumps and one diesel pump, making it well-suited for continued convenience store operations or fuel service. Additionally, an easement is in place to allow for access and turning into the parking area, ensuring ease of entry and traffic flow. The septic system is located on an adjoining property, with a legally granted easement in place for its use, providing peace of mind and continued functionality. Positioned on a corner lot, this property offers additional development potential, including space suitable for constructing another building for storage, rental income, or an additional business venture. With its strategic location, established infrastructure, multiple use possibilities—including prior retail and restaurant operations—and existing income-producing tenant, this is truly a prime investment property with strong potential for growth and profitability.
Location
State KY
County Knox
Zoning Other
Interior
Heating Natural Gas
Cooling Electric
Exterior
Parking Features On Site, Paved
Utilities Available Cable Available, Electricity Connected, Phone Available, Water Available
View Y/N N
Roof Type Metal
Building
Sewer Septic Tank
New Construction No
Others
Special Listing Condition Standard
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