Catylist ID:
#30671793
845 E Main St - Christ the Head Missionary Church
Special Purpose
for Sale
Distressed
| Catylist Listing ID: | 30671793 |
| Property Subtypes: | Assembly/Meeting Place |
| Building Size (RSF): | 14,000 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 2 Acres |
| Sale Price: | $289,900 |
| Property Use Type: | Investment, Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Short Sale/Bank-Owned: | Yes |
| Cap Rate: | Undisclosed |
| Last Updated: | 1/4/2021 |
Overview / Comments
|
REO sale. Property taxes will be pro-rated to day of closing. Sold 100% as-is, where-is, with all faults. No personal property will be included, only the land, the structures of the land, all electrical, plumbing, heating / AC equipment, and all attached fixtures. Seller makes no representations or warranties as to condition or details of the property. All information provided is believed to be true, but cannot be guaranteed. 2-acre Commercial lot located in Danville, KY, approximately 45 minutes outside of Lexington, KY. Property plays host to an ~14,000 SF commercial building with two floors. Building is ~20-25 years old. Formerly known as Christ the Head Missionary Church. Subject property is currently only operating as a daycare center, which occupies approximately half of the first floor. The second floor is unfinished, with framing and electrical rough-in complete. The other half of the first floor was formerly occupied by the church. The plan was to finish the second floor and move the church upstairs so they have the second floor to themselves, allowing the daycare to expand and create significantly more room for both, but construction has since halted and the church has moved out. The daycare is in a MTM lease at $1,500 / month. Potential exists by curing deferred maintenance, completing the upstairs renovations / finding a tenant, and signing a long-term lease with the existing tenant who we believe wishes to remain at the property and occupy the entire first floor. Information contained in ANY advertisement for this property is not guaranteed or warranted and should not be relied upon. BY SUBMITTING AN OFFER ON THIS PROPERTY, THE BUYER REPRESENTS IT HAS INDEPENDENTLY VERIFIED ALL INFORMATION AND MADE THE DECISION TO SUBMIT AN OFFER BASED UPON THEIR OWN INVESTIGATION. Key sale points to know: • Property is sold 100% AS-IS, WHERE-IS, with all faults. • Property is sold subject to any / all code violations and work orders. • Information contained in any advertisement is not guaranteed or warranted. • Property taxes will be pro-rated to the day of closing. |
Current Tenants
| Tenant Business Name | Daycare |
| Is Renting? | Yes |
| Current Rent | $1,500 PSF (Annual) |
Additional Details
| Nearest MSA: | Danville |
| County: | Boyle |
| Tax ID/APN: | D10-004-004 |
| Zoning: | COMMERCIAL |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Year Built: | 1996 |
| Year Renovated: | 2015 |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,921 | 13,809 | 24,172 |
| Median Age: | 37.57 | 38.68 | 39.58 |
| Households: | 1,810 | 5,493 | 9,368 |
Contact
April LaneProdigy PropertiesKCREA Member |
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