Catylist ID:
#30859925
Restaurant, AirBnB, Owner's Suite for Sale in Downtown Elizabethtown
Retail-Commercial
for Sale
| Catylist Listing ID: | 30859925 |
| Property Subtypes: | Mixed Use, Restaurant, Tavern/Bar/Nightclub |
| Building Size (RSF): | 5,601 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,199,000 |
| Unit Price: | $214.07 PSF |
| Property Use Type: | Business |
| Sale Terms: | Undisclosed |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/25/2024 |
Overview / Comments
|
Downtown Elizabethtown Multi-functional Property Prime Location: Situated in the heart of downtown Elizabethtown, the property offers unparalleled access to local attractions, shopping, and the business district. Diversified Revenue Streams: The property's multifaceted nature combines a thriving restaurant, a one-bedroom AirBNB, and an owner's unit that includes 2 Bedrooms, providing multiple avenues of income. Turnkey Restaurant Operation: The restaurant component is fully operational with a loyal customer base, a trained staff, and a well-established menu. Its ambiance encapsulates the local culture, making it a favorite spot for both locals and tourists. AirBNB Potential: The one- bedroom AirBNB is a lucrative venture due to Elizabethtown's growing tourist appeal. This offers an opportunity for passive income with the rising popularity of short-term rental platforms. Owner's Comfort: The property boasts a private 2 -bedroom owner’s unit, ensuring personal space while managing the business. This feature is ideal for entrepreneurs who value a work-life balance. Architectural Charm: The building, which was built in 1880, carries historical and architectural significance, further attracting guests who appreciate a mix of the old-world charm with modern amenities. Growth Opportunities: The downtown Elizabethtown area has seen consistent growth in foot traffic and tourism. Future prospects include a hotel and multi-family apartment complex in the downtown area. Integrated Operations: With the units and the restaurant on the same property, managing operations becomes seamless. The synergistic model allows for cost-saving, efficient management, and cross-promotion between the restaurant and the AirBNB. Community Involvement: Being a part of the downtown scene, the property often gets involved in local events and festivals, ensuring a steady influx of guests and bolstering its reputation. Sustainable Model: In a world leaning towards sustainability, having multiple operations under one roof reduces the carbon footprint, making it an environmentally friendly investment. This multifunctional property in downtown Elizabethtown offers 5,601 square feet and a blend of tradition and modernity, making it a unique and promising investment opportunity. |
Additional Details
| Nearest MSA: | Elizabethtown-Fort Knox |
| County: | Hardin |
| Tax ID/APN: | 221-10-14-018 |
| Zoning: | MIXED |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Convention, Other |
| Property Visibility: | Excellent |
| Largest Nearby Street: | West Dixie Ave |
| Highway Access: | Minutes from Highway 31 and Interstate 65. |
| Airports: | Muhammad Ali International Airport |
| Area Description: | Downtown area close to hotels, retail, and new developments. Public parking available close by. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Property Condition: | Excellent |
| Year Built: | 1880 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Parking Description: | Surface parking on street and plenty of public parking areas close by. |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | Downtown Elizabethtown Multi-functional Property Prime Location: Situated in the heart of downtown Elizabethtown, the property offers unparalleled access to local attractions, shopping, and the business district. Diversified Revenue Streams: The property's multifaceted nature combines a thriving restaurant, a one-bedroom AirBNB, and an owner's unit that includes 2 Bedrooms, providing multiple avenues of income. Turnkey Restaurant Operation: The restaurant component is fully operational with a loyal customer base, a trained staff, and a well-established menu. Its ambiance encapsulates the local culture, making it a favorite spot for both locals and tourists. AirBNB Potential: The one- bedroom AirBNB is a lucrative venture due to Elizabethtown's growing tourist appeal. This offers an opportunity for passive income with the rising popularity of short-term rental platforms. Owner's Comfort: The property boasts a private 2 -bedroom owner’s unit, ensuring personal space while managing the business. This feature is ideal for entrepreneurs who value a work-life balance. Architectural Charm: The building, which was built in 1880, carries historical and architectural significance, further attracting guests who appreciate a mix of the old-world charm with modern amenities. Growth Opportunities: The downtown Elizabethtown area has seen consistent growth in foot traffic and tourism. Future prospects include a hotel and multi-family apartment complex in the downtown area. Integrated Operations: With the units and the restaurant on the same property, managing operations becomes seamless. The synergistic model allows for cost-saving, efficient management, and cross-promotion between the restaurant and the AirBNB. Community Involvement: Being a part of the downtown scene, the property often gets involved in local events and festivals, ensuring a steady influx of guests and bolstering its reputation. Sustainable Model: In a world leaning towards sustainability, having multiple operations under one roof reduces the carbon footprint, making it an environmentally friendly investment. This multifunctional property in downtown Elizabethtown offers 5,601 square feet and a blend of tradition and modernity, making it a unique and promising investment opportunity. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,557 | 27,717 | 37,112 |
| Median Age: | 37.98 | 36.19 | 37.12 |
| Households: | 2,965 | 11,372 | 15,035 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions. |
