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200 West Shelby Street Falmouth, KY 41040
SOLD DATE : 07/09/2024Want to know what your home might be worth? Contact us for a FREE valuation!

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Key Details
Sold Price $70,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,856 sqft
Price per Sqft $10
Subdivision Commercial
MLS Listing ID 24010679
Sold Date 07/09/24
Lot Size 3,920 Sqft
Property Description
This large commercial building has been a fixture in downtown Falmouth for decades. The same family has owned the building since 1969. Over time, the building has housed many successful businesses. The second floor has been used as rental apartments and additional storage space for the businesses on the lower level. The options for mixed use are unlimited with the potential to have up to 4 businesses on the lower level and 4 apartments of various sizes on the upper level. With modifications, the potential is there for 2 - 1700'+ business units on the lower level. The projected rent factors with updated leases is between $2,500 - $3,000 per month. All current leases are on a month-to-month basis. At 6856' square feet (3428' on each level) the options are many.
Location
State KY
County Pendleton
Interior
Flooring Other
Exterior
View Y/N N
Roof Type Other
Building
Sewer Public Sewer
New Construction No
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