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1801-1805 Cumberland Ave 12,030 SF Vacant Retail Building Middlesboro, KY 40965 $325,000 ($27.02/SF)
Executive Summary
Great opportunity for an investor or owner-operator to add significant value with 9,621 square feet immediately available and 2,400 square feet occupied by a long-standing restaurant.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$75,000
|
$6.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$75,000
|
$6.23
|
| Taxes |
$2,269
|
$0.19
|
| Operating Expenses |
$12,000
|
$1.00
|
| Total Expenses |
$14,269
|
$1.19
|
| Net Operating Income |
$60,731
|
$5.05
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $75,000 |
| Annual Per SF | $6.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $75,000 |
| Annual Per SF | $6.23 |
| Taxes | |
|---|---|
| Annual | $2,269 |
| Annual Per SF | $0.19 |
| Operating Expenses | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $1.00 |
| Total Expenses | |
|---|---|
| Annual | $14,269 |
| Annual Per SF | $1.19 |
| Net Operating Income | |
|---|---|
| Annual | $60,731 |
| Annual Per SF | $5.05 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,030 SF
Building Class
B
Year Built
1931
Price
$325,000
Price Per SF
$27.02
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.57 AC
Opportunity Zone
Yes
Frontage
183’ on Cumberland Avenue
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- New China Express
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| New China Express | Accommodation and Food Services | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1801
- 1,591-9,621 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1801 | 1,591-9,621 SF | Retail | - | Now |
1801
| Size |
| 1,591-9,621 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 082-20-00-115.00 | Total Assessment | $260,000 (2025) |
| Land Assessment | $260,000 (2025) | Annual Taxes | $2,269 ($0.19/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
082-20-00-115.00
Land Assessment
$260,000 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$260,000 (2025)
Annual Taxes
$2,269 ($0.19/SF)
Tax Year
2026
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1801-1805 Cumberland Ave