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721 River Dr 9,823 SF 100% Leased Retail Building Irvine, KY 40336 $299,000 ($30.44/SF)



Executive Summary
Opportunity Knocks! Start or expand your rental portfolio with a property currently generating approximately $3,300 per month in rental income! If you've always wanted to own an investment property, start your own business, or create a multi-tenant commercial space, this could be the opportunity you've been waiting for. Offering approximately 7,232 square feet of showroom, office, workshop, and living space, this versatile property provides numerous possibilities. The large apartment and rented free-standing building provide an established foundation for rental income, with additional space that could potentially be leased to businesses or adapted for other uses. Located along KY Highway 52 with highway and railroad exposure, the property is positioned near the growing Kentucky Steam Heritage Corporation development. Kentucky Steam is bringing scenic train excursions, concerts, special events, and tourism activity to the area—adding another exciting dimension to this location. Investment property, rental income, business space, or a combination of all three, the possibilities are here!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,823 SF
Building Class
C
Year Built
1980
Price
$299,000
Price Per SF
$30.44
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
Commercial
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 071-40-10-015.01 | Improvements Assessment | $0 |
| Land Assessment | $165,000 | Total Assessment | $165,000 |
Property Taxes
Parcel Number
071-40-10-015.01
Land Assessment
$165,000
Improvements Assessment
$0
Total Assessment
$165,000
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721 River Dr
