109 Madison StOwenton, KY 40359

For Sale
$197,500

Versatile Owenton Commercial Space, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This 2,900 square foot commercial building, located at 109 S Madison in Owenton, Kentucky (zip code 40359), presents a unique investment opportunity. Built in 1967, the single-tenant property sits on APN 061-20-00-046.06 and offers significant flexibility for a variety of uses. Currently at 25% occupancy, the building's diverse past tenancy includes state and federal offices, demonstrating its adaptability to different business models. The property is classified as Retail, Office, Mixed Use, Special Purpose, and Business for Sale, reflecting its potential for diverse applications such as a restaurant, executive office space, medical office, or religious/church use. The asking price is $197,500, with a 0.00% cap rate and a remaining lease term of 0 years, providing immediate control and development potential for the new owner. The building's location in downtown Owenton offers excellent visibility and accessibility. This property is ideal for an entrepreneur seeking a versatile space to establish their business or an investor looking for a redevelopment project with significant upside. The substantial square footage allows for creative adaptation to meet the needs of a wide range of commercial ventures. The property's history of housing government offices speaks to its structural integrity and suitability for professional uses.

Highlights

  • 2,900 SF commercial building at 109 S Madison, Owenton, KY 40359 (APN 061-20-00-046.06).
  • Built in 1967, currently 25% occupied, offering immediate possession.
  • Asking price: $197,500, 0.00% cap rate.
  • Versatile space suitable for retail, office, mixed-use, or special purpose; previously housed government offices.
  • Excellent downtown Owenton location with high visibility and accessibility.

Property Details for 109 Madison St

Property type
Other specialty properties, Churches & religious facilities
Square Feet
2,900 SF
Year Built
1967
Buildings
1

Location Insight

City
Owenton
County
Owen
State
Kentucky
Latitude
38.5353326
Longitude
-84.8376308
109 Madison St, Owenton, Kentucky

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109 Madison St
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