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200 State St
Bowling Green, KY 42101
Retail Property For Sale


Investment Highlights
- Historic 1929 landmark restored through a comprehensive 15-month renovation.
- Commercial kitchen and modern building systems support immediate operations.
- Two-level hospitality venue with dining, entertainment, and event capabilities.
Executive Summary
Located in Bowling Green's historic Shake Rag District, 200 State Street presents the opportunity to acquire a fully restored hospitality and entertainment property with a proven operating history. Originally constructed in 1929, the building underwent a comprehensive 15-month restoration that preserved its historic character while modernizing the property for contemporary restaurant, event, and entertainment operations. The two-level layout accommodates a variety of hospitality concepts, with an upscale dining and wine bar environment on the main level and a distinctive lower-level speakeasy atmosphere featuring original exposed brick, a dedicated performance stage, and integrated audio and lighting systems.
The property's extensive capital improvements include a new roof, updated HVAC systems, plumbing and electrical upgrades, commercial kitchen infrastructure, accessibility enhancements, life safety improvements, and premium interior finishes. These improvements create a turnkey opportunity for investors, owner-operators, hospitality groups, or entertainment concepts seeking a unique destination property.
Positioned within the Shake Rag and riverfront corridor, the asset benefits from its location within an area experiencing continued revitalization, adaptive reuse activity, infrastructure investment, and redevelopment. The flexible design supports a range of potential uses including restaurant operations, live entertainment, private events, receptions, corporate functions, and other hospitality-oriented concepts. With established recognition as a destination venue and the ability to accommodate large guest counts across both levels, the property offers a rare combination of historic character, modern functionality, and long-term positioning within one of Bowling Green's evolving downtown districts.
Owner would consider leasing the property to a qualified tenant.
The property's extensive capital improvements include a new roof, updated HVAC systems, plumbing and electrical upgrades, commercial kitchen infrastructure, accessibility enhancements, life safety improvements, and premium interior finishes. These improvements create a turnkey opportunity for investors, owner-operators, hospitality groups, or entertainment concepts seeking a unique destination property.
Positioned within the Shake Rag and riverfront corridor, the asset benefits from its location within an area experiencing continued revitalization, adaptive reuse activity, infrastructure investment, and redevelopment. The flexible design supports a range of potential uses including restaurant operations, live entertainment, private events, receptions, corporate functions, and other hospitality-oriented concepts. With established recognition as a destination venue and the ability to accommodate large guest counts across both levels, the property offers a rare combination of historic character, modern functionality, and long-term positioning within one of Bowling Green's evolving downtown districts.
Owner would consider leasing the property to a qualified tenant.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,200 SF
Building Class
C
Year Built/Renovated
1929/2025
Price
$2,650,000
Price Per SF
$288.04
Tenancy
Single
Building Height
2 Stories
Building FAR
0.17
Lot Size
1.22 AC
Opportunity Zone
Yes
Property Taxes
| Parcel Number | 039A-04-023 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $700,000 |
Property Taxes
Parcel Number
039A-04-023
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$700,000
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