536 Main Street

Retail-Commercial for Sale
Catylist Listing ID: 30790737
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 3,021 SF
Sale Price: $325,000
Unit Price: $107.58 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/17/2022

Overview / Comments

Wonderful opportunity to own a commercial and residential property in thriving downtown Shelbyville, Kentucky in the highly desirable block of Main Street between 5th Street and 6th Street. The property features 1874 square feet street level building with an entrance on Main Street and and a rear entrance which includes 4 parking spaces. The retail/commercial space features a check-in desk, enclosed office, 6 bays with sinks, a bathroom and a kitchen area in the rear. Currently, this space is rented as a tattoo parlor through January 2023 at $1000 per month. The second level features a shared stairway and hallway through which one can enter an 1146 square feet apartment with a large bedroom fronting Main Street, large closet, full bathroom, living room, and large eat-in kitchen.

Downtown Shelbyville is a booming area with a new Civic Center and pedestrian walkway on the newly bricked Sixth Street just a few steps away. Antique stores and malls, restaurants, law offices, the new courthouse and many other businesses now flourish in the downtown area. A new open air plaza in the 600 block offers many activities to draw visitors to downtown and there is plenty of free parking in the area. This building has new plumbing and electrical, laminate wood planks on the first floor and has updated HVAC systems and water heaters in both units. Use this opportunity to open your business and live right above it.

Current Tenants

Tenant Business Name Tattoo Parlor
Contact Name Nicole Taulbee
Contact Title Leasee
Phone Number 502-257-4470
Industry Type Retail Trade
Is Renting? Yes
Annual Revenue $12,000 (Annual)
Employees Total 5
Employees at Location 5
Year Founded 0001
SF of Space Occupied 2,000 SF
Current Rent $1,000 PSF (Annual)
Options A tenant currently has the street level retail space rented through January 2023 at $1000 per month.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Taxing Authority: City of Shelbyville
Tax ID/APN: S10-17-003A
Zoning: D_C (SHELBYVILLE)
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: 5th and Sixth Streets directly on Main Street
Property Visibility: Excellent
Largest Nearby Street: Main Street
Feet of Frontage: 30
Highway Access: US 60 (Shelbyville Road) Main Street
Airports: Muhammad Ali International in Louisville 30 miles away
Site Description: Commerical/Retail/Residential property in the thriving downtown area of Shelbyville, Kentucky
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,021 SF
Property Condition: Average
Year Built: 1890
Construction/Siding: Brick
Exterior Description: Italianate structure similar to other existing structures in beautiful downtown Shelbyville. This property consists of one half of the building and shares a stairway and upstairs hallway with an adjacent owner. The exterior facade has been recently painted.
Total Parking Spaces: 4
Parking Type: Surface
Parking Description: There are 8 parking spaces of which this property shares 4 of those spaces with the adjacent owner. The parking lot is in the rear.
Sprinklers: None
Heat Type: Electricity, Natural Gas, Hot Water
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities, Preservation

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,783 19,323 22,858
Median Age: 36.16 34.83 36.01
Households: 2,171 7,092 8,441

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