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117 W Shelby St 4,469 SF 100% Leased Retail Building Falmouth, KY 41040 $70,000 ($15.66/SF)
Investment Highlights
- INCLUDES 2 RENTAL UNITS, BOTH HAVE BEEN RENTED PREVIOUSLY FOR $500/MONTH EACH
- HISTORIC DOWNTOWN FALMOUTH!
- PROPERTY LOCATED IN FLOOD ZONE, SOLD AS IS
Executive Summary
Own a piece of Falmouth History! This unique Antique Shop is situated in a prime location within Historic Downtown Falmouth. The owner states that the building is the 3rd oldest structure in the city, showcasing timeless charm and character. In addition to the retail space, the property features two rental apartments. One apartment is conveniently located on the first floor with zero-step entry, while the second apartment is located upstairs. The owner states that both have been rented previously for $500/month each providing excellent income potential to help offset ownership costs. Property is located in a flood zone and is being sold AS IS.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,469 SF
Building Class
C
Year Built
1915
Price
$70,000
Price Per SF
$15.66
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.15
Lot Size
0.09 AC
Frontage
35’ on Shelby St
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 051-10-17-004.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $45,500 |
Property Taxes
Parcel Number
051-10-17-004.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$45,500
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Contact the Sale Advisor
117 W Shelby St