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The Pennington 500 S Main St 10,392 SF Retail Building Corbin, KY 40701 $999,900 ($96.22/SF)

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INVESTMENT HIGHLIGHTS

  • Estabilished Event Venue
  • Open floor plan with exposed brick walls
  • Turnkey sale, ready to schedule your own events
  • Lots of natural light on the bottom floor
  • Industrial vibe for the second floor

EXECUTIVE SUMMARY

Property will be available for occupancy upon successful Real Estate closing.

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Building Size
10,392 SF
Building Class
B
Year Built/Renovated
1942/2020
Price
$999,900
Price Per SF
$96.22
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.26 AC
Zoning
commercial - Commercial
Parking
9 Spaces (0.87 Spaces per 1,000 SF Leased)
Frontage
53’ on Main St

ABOUT 500 S MAIN ST , CORBIN, KY 40701

Discover the exceptional turn-key profitable event rental opportunity with this newly renovated 10,000+ Sq ft property located in downtown Corbin, KY. This premier entertainment destination offers two separate levels and entrances for hosting different events simultaneously making it ideal for larger gatherings, or for a possible potential upscale restaurant, or large office space. The upstairs space offers an industrial vibe and features a kitchen. The downstairs offers natural light from the large windows creating a bright airy and classic vibe, along with a kitchen bar area. The venue comes fully equipped with tables, chairs, linens, and a dedicated website for seamless operation. If the buyer continues to use name of the property as "The Pennington" this website will be included as the new buyer will be set to book events . Recent upgrades include a complete gut renovation to the exterior walls with newly installed poured concrete second floor, roof, updated electrical and HVAC systems, new plumbing, two tankless hot water heaters and his and hers bathrooms on both levels as well as bathroom off from the bridal suite. The bridal suite provides a perfect space for wedding preparations with a vintage vibe decor. This property could be remodeled for a restaurant as it has a large area behind the 1st floor event room that could be renovated for an industrial kitchen.

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 5,196 SF
  • Retail
  • -
  • Now

This premier entertainment destination offers two separate levels and entrances for hosting different events simultaneously making it ideal for larger gatherings, or for a possible potential upscale restaurant, or large office space.

  • 2nd Floor
  • 5,196 SF
  • Retail
  • -
  • Now

The upstairs space offers an industrial vibe and features a kitchen.

Space Size Space Use Position Available
1st Floor 5,196 SF Retail - Now
2nd Floor 5,196 SF Retail - Now

1st Floor

Size
5,196 SF
Space Use
Retail
Position
-
Available
Now

2nd Floor

Size
5,196 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 5,196 SF
Space Use Retail
Position -
Available Now

This premier entertainment destination offers two separate levels and entrances for hosting different events simultaneously making it ideal for larger gatherings, or for a possible potential upscale restaurant, or large office space.

2nd Floor

Size 5,196 SF
Space Use Retail
Position -
Available Now

The upstairs space offers an industrial vibe and features a kitchen.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
137-41-22-003.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$775,000
  • Listing ID: 33599884

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 500 S Main St, Corbin, KY 40701

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