KFB Building/apartment suite

Office for Sale
Sale Pending
Catylist Listing ID: 30798396
Property Subtypes: Mixed Use, Office Building
Status: Pending
Building Size (RSF): 4,290 SF
Gross Building Area: See Agent
Sale Price: $199,950
Unit Price: $46.61 PSF
Ceiling: 8 ft.
In Opportunity Zone? Yes
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/14/2022

Overview / Comments

very nice class A office space occupied;
with efficiency apartment in rear with separate parking and entry;
and storage space in rear behind apartment

rents based on previous rentals have been $2,000 on office space and $600 on apartment, rear space has been used as storage but could easily be another apartment

Motivated seller says $199,950 sale price and $3 year lease at $1,400 monthly!

Financials

Finance Data Year 2022
Gross Operating Income $31,200 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Kentucky Farm Bureau
Contact Name Michael Davis
Contact Title owner
Phone Number 270-786-3714
Industry Type Retail Trade
Is Renting? Yes

Additional Details

Nearest MSA: Bowling Green
County: Hart
Submarket Type: Central Business District
Tax ID/APN: 402-00-14-004.00
Zoning: COMMERCIAL
Property Located Between: E'town/Bowling Green
Highway Access: US 31W
Airports: Glasgow
Site Description: downtown
Area Description: small town prime rental space
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,000 SF
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 4
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Fiber Optic
Interior Description: excellent
Zoning Description: retail
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: individual

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,028 7,764
Median Age: 41.54 40.75
Households: 2,083 3,109

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