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221 N Main St

21,226 SF 100% Leased Retail Building Versailles, KY 40383 $2,500,000 ($118/SF) 7.12% Cap Rate

Investment Highlights

  • main street and 45 plus parking, warehouse storage availability
  • Ace Hardware has been a tenant since 1995 and has 450 daily customers, open 362 days a year
  • new roof june 2023, 2 new hvac units 5/2022, full 8500 sq ft basement with exterior and interior access points

Executive Summary

21,226 square foot retail building available for sale.

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,226 SF
Building Class
B
Year Built/Renovated
1950/1993
Price
$2,500,000
Price Per SF
$118
Cap Rate
7.12%
NOI
$178,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.37
Lot Size
1.30 AC
Zoning
B-4 - Business District
Parking
50 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
180 FT on NorthMain St

Amenities

  • Tenant Controlled HVAC

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Ace Hardware is customers' local hardware store and they are a part of their community. Ace Hardware has thousands of stores around the world with the majority of those stores independently owned and operated by local entrepreneurs. These hard working men and women are part of the fabric of their community. They are small business owners who are local and loyal... just like it ought to be. While others have become large and impersonal, at Ace, they've remained small and very personal. That's why they say a visit to Ace, is like a visit to their neighbor. Ace stores come in all sizes and shapes based on the needs of each individual neighborhood. They have small, urban stores, large rural stores and everything in between. Ace stores offer a wide variety of paint, lawn and garden, tools, local niche services and virtually anything customers will ever need to fix, repair and maintain their home.

  • best donut shop
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • bleed blue properties/real estate
  • Real Estate
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Main Street Realty
  • Real Estate
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • taquerria becerra restaraunt
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000
best donut shop Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
bleed blue properties/real estate Real Estate 99,999 SF $9.99 Lorem Ipsum Jan 0000
Main Street Realty Real Estate 99,999 SF $9.99 Lorem Ipsum Jan 0000
taquerria becerra restaraunt Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000

Nearby Major Retailers

WesBanco
7 Brew Coffee
Workout Anytime
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30-2013-004-00
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$583,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
  • Listing ID: 28687750

  • Date on Market: 6/7/2023

  • Last Updated:

  • Address: 221 N Main St, Versailles, KY 40383

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